Question

A store was trying to sell a bed set for 475$. After a while, they marked the price tag down 35%. If tax is 5% (of the sale price) how much would the bed cost

Answer 1

$324.19

Explanation:

According to the scenario, computation of the given data are as follows,

Price = $475

Price tag down = 35%

Tax = 5%

So, price after tag down = $475 - ( $475 × 35%)

= $475 - $166.25 = $308.75

Now, we calculate tax value after price tag down,

Tax value = $308.75 × 5% = $15.44

So, we can calculate the bed cost by using following formula,

Bed cost = Price after tag down + Tax value

= $308.75 + 15.44

= $324.19