3. at livias leisure the wholesale price on a hot tub is $1225. livia decides the markup on this hot tub…

3. at livias leisure the wholesale price on a hot tub is $1225. livia decides the markup on this hot tub should be 75%.\n a. what is the markup?\n b. what is the retail price?\n c. what is the gst (5%) on the retail price of this hot tub?\n d. what is the total cost to purchase this hot tub?\n4. while on vacation in british columbia alexander is shopping where pst of 7% and gst of 5% are added to the price of shoes. determine the total amount alexander needs to pay if alexander buys a pair of golf shoes at a retail price of $129.90 in kimberly, bc.

3. at livias leisure the wholesale price on a hot tub is $1225. livia decides the markup on this hot tub should be 75%.\n a. what is the markup?\n b. what is the retail price?\n c. what is the gst (5%) on the retail price of this hot tub?\n d. what is the total cost to purchase this hot tub?\n4. while on vacation in british columbia alexander is shopping where pst of 7% and gst of 5% are added to the price of shoes. determine the total amount alexander needs to pay if alexander buys a pair of golf shoes at a retail price of $129.90 in kimberly, bc.

Answer

Explanation:

Step1: Calculate the markup amount

Markup amount = Wholesale price × Markup percentage. Given wholesale price = $1225 and markup percentage = 75% = 0.75. So, Markup amount = $1225×0.75 = $918.75

Step2: Calculate the retail price

Retail price = Wholesale price+Markup amount. So, Retail price = $1225 + $918.75=$2143.75

Step3: Calculate the GST

GST amount = Retail price×GST rate. Given GST rate = 5%=0.05. So, GST amount = $2143.75×0.05 = $107.19 (rounded to two - decimal places)

Step4: Calculate the total cost

Total cost = Retail price+GST amount. So, Total cost = $2143.75 + $107.19=$2250.94

Answer:

a. The markup is $918.75 b. The retail price is $2143.75 c. The GST on the retail price is $107.19 d. The total cost to purchase the hot - tub is $2250.94