165k views
5 votes
You plan to buy $12,000 in computers at a local chain store. There are two stores located about the same distance from your office but in different cities with different tax rates. One city has a tax rate of 7% and the other has a tax rate of 8.5%. What percent can you save by going with the lower tax rate? Round your answer to the nearest tenth of a percent, if necessary.

1 Answer

7 votes
lets calculate the taxes that would been payed at each city:
city1 = 12000(7%) = 12000(0.07) = 840
city2 = 12000(8.5%) = 12000(0.085) = 1020
So if you go to city1 instead of city2, you save 1020 - 840 = 180
So you would save $180 from $12000, that is:
180 out of 12000
= 180/12000
= 0.015
and that is the 1.5%, that is what you could save
User Slugart
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories