Question

Fleece vests regularly priced at $18.88 are on sale for $15.99. If the sales tax is 5%, how much can you save by buying the vests on sale? choices: $1.01 $4.04 $2.02 $3.03

Answer 1

you can save $3.03 by buying the vests on sale

Explanation:

Fleece vests regularly priced at $18.88 are on sale for $15.99

Difference in price = regular price - sale price

Discount price = 18.88 - 15.99 = 2.89

Now we find out the amount we save from the tax

Tax for original price 18.88 = 18.88 * 5% = 18.88 * 0.05 = 0.944

Tax for sale price 15.99 = 15.99 * 5% = 15.99 * 0.05 = 0.7995

Amount saved from tax= 0.944 - 0.7995= 0.1445

Total amount saved = discounted price + amount saved from tax

= 2.89 + 0.1445 = 3.0345

you can save $3.03 by buying the vests on sale