Answer:
19.53
Explanation:
First let's find the new price of the backpack:
40% of 29.99 is
29.99 * 0.40 = 11.99
So the new price of the backpack is
29.99 - 11.99 = 18.00
Now let's find the price with tax
8.5% of 18.00 is
18.00 * 0.085 = 1.53
So the cost of the backpack is
18.00 + 1.53 = $19.53