<PRE><B>Question 1086379</B>
A merchant bought a boat for $8000 and marked it up 15.5%. What is the retail price? What would the buyer have to pay if there is a 5% sales tax?
------
Ans:: 8000(1+0.155)(1+0.05) = 8000*1.155*1.05 = $9702.00

--------------
Cheers,
Stan H.
-----------

</PRE>