SOLUTION: The discounted price on a pair of shoes is 75% off the original price. This is a savings of $10. A sales tax of 7% will be added to the discounted price. How much sales tax will

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The discounted price on a pair of shoes is 75% off the original price. This is a savings of $10. A sales tax of 7% will be added to the discounted price. How much sales tax will      Log On

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Question 1028928: The discounted price on a pair of shoes is 75% off the original price. This is a savings of $10. A sales tax of 7% will be added to the discounted price. How much sales tax will be added?
Answer by LinnW(1048) About Me  (Show Source):
You can put this solution on YOUR website!
Set X = the original price.
0.75*X = 10
divide each side by 0.75
X = 10/0.75
X = 13 1/3
The discounted price is 25% of the original price, so the sales
price is 0.25 * 13 1/13 = 3.27
The sales tax is 7% of this, so the sales tax is
0.07*3.27 = $0.23 rounded