The student store sells pencils that have a markup of 120 percent above their wholesale cost of $0.50 each. they also charge sales tax of 8 percent. what is the total cost of a pencil from the student store?

The total cost of a pencil from the student store is $ 1.188

Step-by-step explanation:

Given,

The original cost or wholesale cost of each pencil = $ 0.50,

Markup percentage = 120 %,

So, the cost of the pencil after markup = 0.50 + 120% of 0.50

Now, sales tax = 8 %,

Hence, the final total cost of a pencil = 1.1 + 8 % of 1.1

answer: y = 3/2 x - 3

y = 1/8 x - 3/4 that would be your correct option

step-by-step explanation: w