how would you find the sale price of an item
if it originally cost $16.95, is on sale for 22%
off,and the sale tax is 6.5%?Explain each step.
16.95 * 0.22 = $3.729 > amount saved
16.95 - 3.73 = $13.22 > new price
13.22 * 1.065 = _______ > price including sales tax
14.0793
20.58
To find the sale price of an item, follow these steps:
Step 1: Calculate the discount amount.
To calculate the discount amount, multiply the original price by the discount percentage (in decimal form).
Discount amount = original price x discount percentage
In this case, the original price is $16.95, and the discount percentage is 22%.
Discount amount = $16.95 x 0.22
Step 2: Subtract the discount amount from the original price.
To find the sale price after applying the discount, subtract the discount amount from the original price.
Sale price = original price - discount amount
Using the values from Step 1, the discount amount would be $3.73.
Sale price = $16.95 - $3.73
Step 3: Calculate the sales tax amount.
To find the sales tax amount, multiply the sale price by the sales tax percentage (in decimal form).
Sales tax amount = sale price x sales tax percentage
In this case, the sale price is $13.22 (calculated in Step 2), and the sales tax percentage is 6.5%.
Sales tax amount = $13.22 x 0.065
Step 4: Add the sales tax amount to the sale price.
To find the final price, add the sales tax amount to the sale price.
Final price = sale price + sales tax amount
Using the values from Step 3, the sales tax amount would be $0.86.
Final price = $13.22 + $0.86
The final price, also known as the sale price after applying the discount and sales tax, would be $14.08.