Question

Nancy bought a mobile phone marked at 720$ at a discount of 20 percent and she had to pay 5 percent tax. If Nancy had to put 20 percent of what she had to pay including tax as a deposit, how much money did she have to pay for the deposit?

Answer 1

$120.96

Explanation:

If there is a 20% discount, she would pay 80% of the price

o.80 x $720 = $576

If there is a tax of 5%, the price she pays increases by 5%

1.05 x 576 = 604.80

If she pays 20% deposit, she would pay

0.2 x 604.80 = $120.96