Question

A patio set is on sale for 33% off. The retail price of the set is $1,050. There is a 7% sales tax added. What is the final price of the patio set including all discounts and sales tax? Round your answer to the nearest cent.

Answer 1

$752.75

Explanation:

First we must calculate the sale price of the patio set. The discount =(33/100) $1050=$346.50. The sale price is therefore, $1050−$346.50=$703.50. Next, we must calculate the amount of sales tax to add to the sale price.

Sales Tax=(7/100) $703.50=$49.25.

The final price of the patio set is therefore, $703.50+$49.25=$752.75.