Question

The builder receives a 20% contractor's discount, plus and additional 3% for paying in full within 30 days. Tax on building materials is 5%. What is the total bill including discounts and taxes?

Answer 1

$1340.49

Explanation:

From the attached image

Subtotal Cost of Purchased Items

`= (20 * 16.69)+(2 * 20.78)+(2 * 15.58)+(6 * 21.38)\\+(118 * 6.60)+(500 * 0.22)+(10 * 8.44)+(1 * 150)\\\\=\$1658`

Since the builder receives a 20% contractor's discount, plus and additional 3% for paying in full within 30 days.

Discount = 23% of $1658 = 0.23 X 1658 =$381.34

Total (Less Discount) = 1658-381.34 = $1276.66

Tax on building materials is 5%.

Therefore:

Tax = 5% of $1276.66=0.05 X 1276.66

Tax=$63.83

Therefore, the total bill:

=$1276.66+63.83

Grand Total =$1340.49