Question

The bike you have been saving for is discounted 25%. You have $500 saved to purchase it. The original, non-discounted price of the bike is $575. There is a 5.60% sales tax added to the price of the bike. After you purchase the bike with the discount and sales tax, how much money will you have left over? Round your answer to the nearest dollar.

Answer 1

To find the total cost of the bike with the discount and sales tax, calculate the discounted price, add the sales tax, and subtract it from the amount saved.

Step-by-step explanation:

To find the total cost of the bike with the discount and sales tax, we need to calculate the discounted price of the bike, add the sales tax, and subtract it from the amount of money you have saved.

Step 1: Calculate the discounted price of the bike. To do this, multiply the original price by the discount rate.

$575 x 0.25 = $143.75

Step 2: Calculate the sales tax. To do this, convert the sales tax rate to a decimal and then multiply by the discounted price.

$143.75 x 0.056 = $8.05

Step 3: Calculate the total cost of the bike. Add the discounted price and the sales tax.

Total cost = $143.75 + $8.05 = $151.80

Step 4: Calculate how much money you have left over. Subtract the total cost of the bike from the amount of money you have saved.

Money left over = $500 - $151.80 = $348.20

Therefore, you will have $348 left over after purchasing the bike with the discount and sales tax.