Answer:
1)The markup/percent Increase for the shoe is 136.709%
2)Amount of tax on the Kyrie 5 is $4.4
3)The new price of the shoe before taxes is $35.75
Step-by-step explanation:
1) Cost price of Kyrie 5 = $55
Selling price = $130.19.
Difference = 130.19-55=75.19
So, Percentage increase =![\frac{Change}{CP} \times 100](https://tex.z-dn.net/?f=%5Cfrac%7BChange%7D%7BCP%7D%20%5Ctimes%20100)
Percentage increase =![\frac{75.19}{55} \times 100 =136.709\%](https://tex.z-dn.net/?f=%5Cfrac%7B75.19%7D%7B55%7D%20%5Ctimes%20100%20%3D136.709%5C%25)
2)The state tax is 8%
So, Amount of tax on the Kyrie 5. = ![8\% \times 55](https://tex.z-dn.net/?f=8%5C%25%20%5Ctimes%2055)
=![\frac{8}{100} \times 55](https://tex.z-dn.net/?f=%5Cfrac%7B8%7D%7B100%7D%20%5Ctimes%2055)
= 4.4
So, You will pay $4.4 in taxes on the Kyrie 5.
3)You just found a coupon for 35% off!
New price of the shoe before taxes =![55-35\%(55)](https://tex.z-dn.net/?f=55-35%5C%25%2855%29)
=35.75
So,the new price of the shoe before taxes is $35.75