Question

A customer ordered a product online for $299 and was charged an additional $10 for shipping and handling. The customer received a rebate of $99 and a $25 credit for turning in an old cell phone. After a tax of 4% was applied, how much did the customer pay for the product?

Answer 1

the amount paid by the customer for the product is $192.40

Explanation:

The computation of the amount paid by the customer for the product is shown below:

= Total amount + Total amount × tax rate

= ($299 + $10 - $99 - $25) + ($299 + $10 - $99 - $25) × 0.04

= $185 + 185 × 0.04

= $185 + $7.4

= $192.40

Hence, the amount paid by the customer for the product is $192.40

We simply applied the above formula so that the correct value could come

And, the same is to be considered