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%

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> 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%      Log On


   

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) About Me  (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.