A bedroom set that normally sells for $1100 is on sale for 15% off. If sales tax rate is 2%, what is

Discussion in 'Calculator Requests' started by math_celebrity, Oct 13, 2020.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A bedroom set that normally sells for $1100 is on sale for 15% off. If sales tax rate is 2%, what is the total price of the bedroom set if it is bought while on sale?

    Calculate the sale price:
    Sale Price = Normal Price * (1 - Sales Percentage)

    With our sales percentage of 15% = 0.15, we have:
    Sale Price = 1100 * (1 - 0.15)
    Sale Price = 1100 * (0.85)
    Sale Price = 935

    Calculate post tax amount:
    Post tax amount = Sale Price * (1 + Tax Percentage)

    With our tax percentage of 2% = 0.02, we have:
    Post tax amount = 935 * (1 + 0.02)
    Post tax amount = 935 * (1.02)
    Post tax amount = $953.70
     

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