SOLUTION: Find the final price of the item below, given that the tax will be applied to the discounted price.
Original price of a microphone: $99.50 Discount: 40%
Tax: 5%
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Question 995750: Find the final price of the item below, given that the tax will be applied to the discounted price.
Original price of a microphone: $99.50 Discount: 40%
Tax: 5%
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
i believe tax is applied on the discounted price.
original price is 99.50
discount of 40% is .40 * 99.50 = 39.80
sale price = 99.5 - 39.8 = 59.7
tax is 5% on 59.7 which is equal to .05 * 59.7 = 2.985
59.7 + 2.985 = 62.685
round that to the nearest penny to get 62.69.
that's your sale price with tax added.
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