Question

Andrew bought a math book to study for $30. Later that book was marked down 37.5 and a sales tax rate of 7 percent was included. What is the markdown amount and the sales tax amount?

Answer 1

Marked down amount = $11.25

Sales tax amount = $1.31

Explanation:

The initial amount Andrew bought the book was $30.

If the book was later marked down by 37.5%, therefore the marked down will be;

`(37.5)/(100) * 30 = 0.375 * 30 = 11.25`

The marked down price will be;

`30 - 11.25 = 18.75`

If the sales tax rate was 7%, the sales tax amount will be;

`(7)/(100) * 18.75 = 1.31`

Answer 2

• $11.25
• $1.31

Explanation:

• Initial price = $30
• Mark down = 37.5%
• Sales tax = 7%

The markdown amount is:

• $30*37.5/100 = $11.25

The markdown price is:

• $30 - $11.25 = $18.75

The sales tax amount is:

• $18.75*7/100 = $1.31 (rounded to the nearest cent)