Question 1157457
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Grace buys a bicycle for $60 and a pair of roller skates for $28. Tax on her purchase was at rate of 4%.  
How much change would she receive if she pays with a $100 note?
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The answer $8.42 for the change in the post by @mananth is incorrect.


The correct answer is $8.48.


            100 - 1.04*(60+28) = 8.48 dollars.