Question

A store sells a new pair of sneakers for $120. A costumer signed up for a free membership card an received a 20% discount off the price. Sales tax of 8% was applied after the discount what was the final price of the sneakers?

Answer 1

The Solution.

The original price of the sneakers is $120.

A discount of 20% was given.

`\begin{gathered} \text{Actual Discount=20\% of 120} \\ =(20)/(100)*120=2*12=\text{ \$24} \end{gathered}`

So, the discounted price of the sneaker is

`\text{Discount Price =120-24 = \$96}`

Now, applying 8% sales tax, we get

`\begin{gathered} \text{Sales tax =8\% of 96} \\ \text{Sales tax = }(8)/(100)*96=0.08*96=\text{ \$7.68} \end{gathered}`

So, the final price of the sneakers is

`\text{ Final Price = 96 +7.68 =\$103.68}`

Therefore, the correct answer is $103.68