An item regularly priced at $80 is on sale for 20% off. There is a 3% sales tax. What is the AMOUNT OF THE SALES TAX?

Question

asked Sep 24, 2020 72.1k views

2 Answers

Slikts · Answer 1 · 2020-10-01T02:26:06+0000

Answer:

$\$1.92$

Explanation:

Given: An item regularly priced at
$\$80$ is on sale for
$20\%$ off. There is a
$3\%$ sales tax.

To Find: The Amount of Sales Tax.

Solution:

Regular price of item
$=\$80$

Discount during Sales on item
$=20\%$

Discount during Sales on item
=(20)/(100)*80

$\$16$

Price of item during Sales
$\text{Regular price}-\text{Amount Discounted}$

$\$80-\$16$

$\$64$

Sales Tax on item
$=3\%\text{of discounted price}$

Sales Tax on item
=(3)/(100)*64

$\$1.92$

Hence Amount of Sales Tax on item is
$\$1.92$