Question

Damon buys lumber worth $562. He gets a 20% contractors discount. The sales tax is 6%. His credit card gives him 2% off. How much does he pay?​

Answer 1

$467.05

Explanation:

By getting a discount of 20%, it means he pays 100-20=80% of the initial price

80% is same as 0.8

Price after discount will be

0.8*$562=$449.6

Taxation is then subjected to the discounted price. With tax rate of 6% which is equivalent to 0.06 then the total prive incurres will be 106% of the discounted price, same as 1.06

Final price inclusive of tax

1.06*$449.6=$476.576

Since his credit gives 2% discount of everytging then he only pays 98% of the price inclusive of tax

Payable amount

0.98*476.576=467.04448

Rounded off as $467.05