Question

A snow making machine priced at $1800 is on sale for 25% off. The sales tax rate is 6.25%. What is the sale price including tax? If necessary, round your answer to the nearest cent.

Answer 1

$ 2390.625

Explanation:

given

marked price of snow machine= $ 1800

discount percentage= 25%

selling price of machine= mp + d of mp

= $1800 + 25/100 ×$ 1800

= $1800 + $ 450

= $ 2250

now we have

selling price of snow machine = $ 2250

also we have

VAT percentage= 6.25%

according to question

selling price with tax = sp + VAT of sp

= $2250 + 6.25/100 × $2250

=$2250 + $140.625

=$2390.625

HENCE THE SALE PRICE OF MACHINE INCLUDING TAX IS $ 2390.625