Answer:
A store pays $10 for a bracelet and the markup is 115% of customer
markup percentage is 115% = 1.15
markup amount = cost price * markup percentage
= 10 * 1.15 = 11.5
price with markup price = 10 + 11.5 = 21.5
Now we apply sales tax for the price
sales tax of 5.5 % = 0.055
Tax amount = price with markup * tax percentage
= 21.5 * 0.055= 1.1825
the total cost of the bracelet = Price + tax amount
=21.5 + 1.1825 = 22.6825
$22.68 is the total cost of the bracelet
Step-by-step explanation:
