Question

Malachi bought a new fishing rod. The regular price of the fishing rod was $125.99. He bought it on sale with a 15% discount. Sales tax of 3% is applied to the discounted total. What was the sale price with tax of Malachi's fishing rod to the nearest cent?

Answer 1

Malachi's fishing rod's total cost was $110.3.

Explanation:

The regular price of the fishing rod was $125.99.

He bought it on sale with a 15% discount.

So, the price becomes:

`125.99-(0.15*125.99)`

= $107.09

And a sales tax of 3% is applied to the discounted total.

This tax value becomes:

`0.03*107.09` = $3.21

So, the final price becomes:
`107.09+3.21` = $110.3

Therefore, Malachi's fishing rod's total cost was $110.3.

Answer 2

If the discount is 15 percent, he still pays (100-15) or 85%

125.99 * 85%

125.99 * .85 = 107.09 is the price he pays for the rod

107.09 * .03 =3.21 is the sales tax

107.09+3.21=110.30 is the price of the rod with the discount and the tax