A coat was marked down by 60 percent from its original price of $99. Including an 8 percent sales tax, what is the final cost of the coat? $39.60 $42.77 $59.40 $64.15

Question

asked Apr 14, 2022 178k views

2 Answers

Jerin Mathew · Answer 1 · 2022-04-20T03:39:13+0000

Given:

A coat was marked down by 60 percent from its original price of $99.

Rate of sales tax = 8%

To find:

The final cost of the coat after including tax.

Solution:

We have,

Original price = $99

Rate of marked down = 60%

Rate of sales tax = 8%

Marked price = Original price - 60% of original price.

$\text{Marked price}=99-(60)/(100)* 99$

$\text{Marked price}=99-59.4$

$\text{Marked price}=39.6$

Now,

Final cost = Marked price + Sales tax

$\text{Final cost}=39.6+(8)/(100)* 39.6$

$\text{Final cost}=39.6+3.168$

$\text{Final cost}=42.768$

$\text{Final cost}\approx \$42.77$

Therefore, the correct option is B.