Question

The sale price for a jacket that regularly costs $85.00 is now $68.00. With sales tax, a customer pays $73.44. Which THREE statements are correct for this situation?

Answer 1

B.) The Sales Tax Rate is 8%

C.) 85-68/85 = discount rate

E.) The Sale Price is 20% less than the regular price.

Explanation:

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Answer 2

The sales tax rate is 8%.

C. The sale price is 20% less than the regular price

Explanation:

Here are the options to this question :

A) The sales tax rate is 6%

B) The sales tax rate is 8%.

C. The sale price is 20% less than the regular price

Sales tax rate = (tax paid / discounted selling price) x 100

tax paid = amount customer paid - discounted selling price

$73.44 - $68 = $5.44

($5.44 / $68) x 100 = 8%

The sales tax is 8%

Sales price = (discount / initial price) x 100

discount = $85 - $68 = $17

($17 / 85) x 100 = 20%