Question

The owner of the Outdoor Furniture Center decides to use the 120% markup. At the end on
the season, he wants to sell all the benches that are in stock. He sells the benches for 20% off
What is the total price of a bench with this discount plus a 5% sales tax.​

Answer 1

Answer: The total price of a bench is 1.008x.

Step-by-step explanation:

Since we have given that

Let the cost price be 'x'.

Mark up % = 120%

So, Mark up value would be

$\dfrac{120}{100}x\\\\=1.20x$

Discount % = 20%

Amount of discount is given by

$\dfrac{20}{100}\times 1.2x\\\\=0.2\times 1.2x\\\\=0.24x$

So, it becomes,

Amount after discount is given by

$1.2x-0.24x\\\\=0.96x$

Sales tax = 5%

Amount of sales tax would be

$\dfrac{100+5}{100}\times 0.96x\\\\=\dfrac{105}{100}\times 0.96x\\\\=1.05\times 0.96x\\\\=1.008x$

Hence, the total price of a bench is 1.008x.

Answer 2

Answer:1.008x is the answer I think