Question

A store buys a video game for the wholesale price of $39.99. The markup on the game is 70%. If sales tax is 8% then how much money would you need to buy the game?

Answer 1

Answer:The amount of money that you would need to buy the game is $73.324

Step-by-step explanation:

The store buys a video game for the wholesale price of $39.99. There was a markup of 70% on the price of the game. The value of the markup would be

70/100× 39.99 = 0.7×39.99 = $27.993

Cost of the game plus 70% markup would be

39.99 + 27.993 = $67.893

There is sales tax of 8% on the game. This means that the value of the tax would be

8/100 × 67.893 = 0.08 × 67.893 = $5.431

The amount of money that you would need to buy the game would be

67.893 + 5.431 = $73.324