Question

a customer brings in a item for refund.The price on the item is $4.80 and the tax is 5%.How much including tax should the cashier refund back to the customer

Answer 1

The entire amount will be the price multiplied by 1.05 (which is the price plus 5% of the price) This is 4.80 X 1.05= $5.04

Answer 2

The cashier should refund back to the customer $5,04

Explanation:

The cashier has to refund the amount the customer paid, which was the price plus the proportional tax.

Refund=price+tax

Price=$4.80

Tax=$4.80 * 0,05= $0,24

Refund=$4.80 +$0,24=$5,04