Question

if the sales tax rate is 6.25% in your city, find the final cost of the item diamond ring : $655.75discount rate: 40%

Answer 1

What is 40% of 655.75??

40% = 40/100 = 0.4

So,

655.75 * 0.4 = $262.30

On top of that, we have to pay a sales tax of 6.25%, which is

6.25% = 6.25/100 = 0.0625

So,

262.30 * 0.0625 = $16.39

We ADD this tax to get final amount:

Amount Paid = 262.30 + 16.39 = $278.69