Question 1092073
Usually you get taxed on the real value of the goods, this is, before the discount. Like this:
:
Goods... : 7500
Tax..... : 375 (7500 × 0.05)
---------------
Total... : 7875
Discount : 375 (7500 × 0.05)
------------------------
Net. . . : 7500
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Having said that, I'm not your professor, and s/he may have asked for a different calculation, like this:
:
Goods. . . . : 7500
Discount. . .: 375
---------------------
Sub-total . .: 7125
Tax . . . . .: 356.25
----------------------------
Total. . . . : 7481.25
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Use the one that is appropriate in your case.
:
John