SOLUTION: Marcus is buying a sweater that normally sells for 60 but is on sale for 30% off. In addition he is using a $20 gift certificate. If th sales tax is 7.2% of the original price of t
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Question 889647: Marcus is buying a sweater that normally sells for 60 but is on sale for 30% off. In addition he is using a $20 gift certificate. If th sales tax is 7.2% of the original price of the sweater how much must he pay for the sweater using his own money? Answer by JulietG(1812) (Show Source):
You can put this solution on YOUR website! The original price of the sweater = $60
.7 (100%-30%) * $60 = $42
Why would he have to pay sales tax on the ORIGINAL price instead of the sell price? But, assuming he does, the sales tax adds $60 * .072, or $4.32 to the price.
$42 + $4.32 = $46.32
Subtract the gift certificate
$46.32 - $20.00 = $26.32 out of pocket
