Question

the regular price of a high quality pair of binoculars is $600.00. This week, binoculars are on sale for 12% off. The tax rate is 3.5%. If you hand the cashier twenty-eight $20.00 bills, how much change should you receive ? show your work.

Answer 1

$13.52

Step-by-step explanation:

Regular Price of the binoculars = $600

Discount = 12%

Therefore, the Sale Price of the binocular will be:

`\begin{gathered} (1-12\%)\text{ of 600} \\ =(1-0.12)*600 \\ =0.88*600 \\ =\$528 \end{gathered}`

The tax rate is 3.5%.

`\begin{gathered} \text{Tax}=3.5\%\text{ of \$528} \\ =0.035*528 \\ =18.48 \end{gathered}`

Therefore, the total amount to be paid will be:

`\begin{gathered} =\text{Sales Price+Tax} \\ =528+18.48 \\ =546.48 \end{gathered}`

If you give the cashier twenty-eight $20.00 bills, the change that you would receive will therefore be:

`\begin{gathered} \text{Change}=(28*20)-546.48 \\ =560-546.48 \\ =\$13.52 \end{gathered}`