Answer: $18.19
Explanation:
The tax is applied after the discount so first find the discounted price:
= Price * ( 1 - discount rate)
= 20 * ( 1 - 15%)
= $17
The sales tax of 7% can then be applied:
= Price * ( 1 + tax rate)
= 17 * ( 1 + 7%)
= $18.19
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