Question

Tony owns a shop that sells mobile phones and laptops. The retail price of a mobile phone is $240, and it will include a sales tax of 15% on the retail price. If the shop owner offers a discount of $46 off the final price including the sales tax, what is the percent decrease for the price of the mobile phone? A 20% B 15% C 19.17% D 16.67%

Answer 1

Percent decrease in mobile = 19.17 % (Approx)

Explanation:

Given:

Retail price of mobile phone = $240

Sales tax = 15% on retail value

Total discount including sales tax = $46

Find:

Percent decrease in mobile

Computation:

Cost of mobile = $240(85/100)

Cost of mobile = $204

Percent decrease in mobile = [$46 - 15%]204

Percent decrease in mobile = 19.17 % (Approx)