Question

Frida Kalo purchased an office chair for $167.87. She received a $19.95 rebate from the manufacturer and an $8.95 rebate from the store. The sales tax in her state is 5.5%. What is the final price? (Remember that tax is pre-rebate).

A) $147.97
B) $148.87
C) $148.42
D) $156.87

Answer 1

To find the final price of Frida Kalo's office chair, we must calculate the sales tax on the original price, add it to the original price to get a subtotal, and then subtract the rebates. The sales tax is $9.23, and after applying the rebates, the final price is $148.20.

Step-by-step explanation:

To calculate the final price of Frida Kalo's office chair, we must first calculate the sales tax before the rebates are applied, and then subtract the rebates from the subtotal. The chair's original price is $167.87.

The sales tax rate is 5.5%, so we need to convert this percentage to a decimal by dividing by 100, which gives us 0.055. Now we compute the sales tax:
$167.87 × 0.055 = $9.23

Adding the sales tax to the original price gives us the subtotal:
$167.87 + $9.23 = $177.10

Now, we apply the rebates. Frida received a $19.95 rebate from the manufacturer and an $8.95 rebate from the store:
$177.10 - $19.95 - $8.95 = $148.20

Therefore, the final price after the rebates is $148.20. Note that this amount might not exactly match the options given as the question might contain a round-off error or typo, but the approach to find the solution remains the same.