Question

A store owner buys sweatshirts for $16 and marks them up 20% to make a profit. The sales tax where his store is located is 7.5%. A customer considers buying one or two sweatshirts from the store. Select all the statements that apply. (choose 3)
One sweatshirt before tax costs $19.20.

One sweatshirt before tax costs $12.80.

he sales tax for two sweatshirts is $1.92.

The sales tax for two sweatshirts is $2.88.

Total cost for two sweatshirts is $41.28.

Total cost for two sweatshirts is $27.52.

Answer 1

The statements that apply to the store, based on the cost of the sweatshirts and the markup are:

• One sweatshirt before tax costs $19.20.
• The sales tax for two sweatshirts is $2.88.
• Total cost for two sweatshirts is $41.28.

How to find the selling price of the sweatshirt?

The cost of a single sweatshirt before tax can be found by the formula:

= Cost of sweatshirt to store owner x ( 1 + markup)

= 16 x ( 1 + 20%)

= $19.20

The sales tax on this sweatshirt would then be:

= 19.20 x 7.5%

= $1.44

On two sweatshirts would be:

= 1.44 x 2

= $2.88

The total cost of two sweatshirts is therefore:

= 19.20 + 19.20 + 2.88

= $41.28

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