Answer:
Explanation
Given:- Katie wants a fancy new music player that costs $300
. Katie can buy it in her home state and pay 8% sales tax, or she can drive to a neighboring state and pay only 5% sales tax
To Find:- To determine the cost Katie saves on the player if she drives to the neighboring state
The difference between the sales tax of the home state and the neighboring state provides the percentage of sales tax . Then, multiplying the determined percentage of sales tax on the new music player would be the cost Katie saves on the player if she drives to the neighboring state.
Explanation:
- The sales tax in the home state is 8% and the sales tax in the neighboring state is 5%
- The percentage of sales tax saved when travelling from home state to neighboring state will be
=8%-5%
=3%
- Therefore, the cost Katie saves on the new music player which costs $300 if she drives to the neighboring state will be
=300*3%
=300*(3/100)
=3*3
=$9
The amount Katie saves on the new music player if she drives to the neighboring state is $9