Question

a product online for $299 and was charged an additional $10 for shipping and handling. The customer received a rebate of $99 and a $25 credit for turning in an old cell phone. After a tax of 4% was applied, how much did the customer pay for the product?

Answer 1

The customer payed $192.4 for the product.

Answer 2

Amount of money paid by the customer = $192.40

Explanation:

Online price of the product = $299

Shipping and handling charge = $10

Rebate received = $99

Credit earned for turning in an old phone = $25

So, Total amount of mobile phone = 299 + 10 - 99 - 25

= $185

Tax applied on final price = 4%

Amount of money paid by the customer = 185 + 4% of 185

= 185 + 0.4 × 185

= $192.40