Question

You have $60.00. You wish to buy a jacket costing $25.50. You would also like to buy a pair of shorts. There is 7% sales tax on clothing. What is the top tag price (excludes sales tax) you could pay for the shorts?

Answer 1

The top tag price you could pay for the shorts = $32.71....

Explanation:

Total amount = $ 60.00

Cost of jacket = $25.50

Sales tax = 7% = .07

First of all find the total price of the jacket including sales tax.

25.50* .07 = 1.79( this is the sales tax)

Now add this sales tax into the original price.

25.5 + 1.79 = 27.29

Total price of a jacket = $27.29

Now subtract the total amount by the amount of the jacket.

$60.00 - $27.29 = $32.71

Thus the top tag price you could pay for the shorts = $32.71....