Moses wanted to solve this problem.A box of spaghetti at the grocery store is purchased for $1.60 wholesale and is marked up by 60 percent. Then, the store marks down the item by 20 percent. A customer wants to buy three boxes of spaghetti. How much will the customer pay, including paying 8 percent sales tax?
Accepted Solution
A:
Moses wanted to solve this problem.
A box of spaghetti at the grocery store is purchased for $1.60 wholesale and is marked up by 60 percent. Then, the store marks down the item by 20 percent. A customer wants to buy three boxes of spaghetti. How much will the customer pay, including paying 8 percent sales tax?
purchased for 1.60marked up by 60%.....1.60 + .60(1.60) = 2.56marked down by 20%....2.56 - .20(2.56) = 2.048...rounds to 2.05buy 3 boxes of spaghetti 3(2.05) = 6.158% sales tax....6.15 + .08(6.15) = 6.642...rounds to $ 6.64