A jewelry store bought a gold necklace and marked it up 110% from the original cost of $23.52. Later on, Dean purchased the gold necklace and paid 14.75% sales tax. How much, including tax, did he pay for the gold necklace?
23.52 ( 1 + 1.1) = $49.39 = price
And
49.39 ( 1 + .1475) ≈ $56.68 = what he paid
