Question

A furniture store has a sale during which the sale price of a sofa is 1/3 off its original price. The original price

of the sofa is $1,029. A customer can get an additional 5% discount off the sale price for paying with cash. At
checkout, a 6.5% sales tax on the final price is added to the cost of the sofa. What is the total cost of the sofa,
including sales tax, for a customer paying with cash?

Answer 1

$694.06

Explanation:

OG price= 1,029

discount=.05

sales tax =.065

1/3(og price)=1/3(1029)=343

one third of $1,029 is 343, hence we take off $343 from the orginial price

1029-343= $686--> sales price

.05*salesprice= .05*686=34.3

subtract 5% discount: 686-34.3= $651.71

=find 6.5% tax: .065*651.71= $42.36

add 6.5% tax: 651.81+42.36=694.06