How do you give an example of the sale price of an item and the total cost including sales tax if the tax rate is 5.75% and the item is 25% off?
See a solution process below:
Example of a Problem:
Let's say there is a pair of pants which are regularly priced for
The store is having a 25% off sale for all items in the store.
The sales tax on all items in the store is 5.75%
How much do you need to pay for the pair of pants?
Solution to the Problem:
The formula for the cost of the item on sale is:
Substituting and calculating
Now, to find the total you would pay, with tax, we use this formula:
Substituting into this formula and calculating
The total paid for the pants after the sale and tax are taken into account is: