Answer:
The total cost Lee paid is 129.3 dollar
Step-by-step explanation:
The percentage amount by which the cost of a product is increased to arrive at the selling price.
Its given that, original cost is 80 dollar.
Hence, leaf blower marked up = 150%
So, the profit the leaf blower making = 150 % or 1.5
Thus, the total selling price
= [tex]80*\frac{150}{100}[/tex]
= 80 * 1.5
= 120 dollar
Now, the rate of sales tax is 7.75%
So, selling price after applying sales tax be
= 120 * [tex]\frac{7.75}{100}[/tex]
=120 * 0.0775
= 9.3 dollar
Hence the total cost be
= 120 + 9.3
= 129.3 dollar
The total cost Lee paid is 129.3 dollar.
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