Did you know?
Did you know that when calculating the final price of an item on sale with sales tax, you need to consider both the discount and the additional tax? Let's break it down step by step using an example:
If a jacket originally costs $65.00 and is on sale for 40% off, you first need to calculate the discount.
Discount = original price x discount rate
Discount = $65.00 x 0.40 = $26.00
Subtract the discount from the original price to find the sale price:
Sale price = original price - discount
Sale price = $65.00 - $26.00 = $39.00
Next, you need to add the sales tax to the sale price. In this case, the sales tax is 5%.
Sales tax = sale price x tax rate
Sales tax = $39.00 x 0.05 = $1.95
Add the sales tax to the sale price to find the final price:
Final price = sale price + sales tax
Final price = $39.00 + $1.95 = $40.95
So, the final price for the jacket, including the 40% discount and 5% sales tax, would be $40.95.
