Question

The bike you have been saving for is discounted 20%. You have $500 saved to purchase it. The original, non-discounted price of the bike is $550. There is a 5.94% sales tax added to the price of the bike. After you purchase the bike with the discount and sales tax, how much money will you have left over? Round your answer to the nearest dollar.

Answer 1

Money left= $33.86

Explanation:

First, we need to calculate the total cost of the bike:

Original purchase price= $550

Discount= (550*0.2)= (110)

New price= 440

Tax= 440*0.0594= 26.14

Total price= $466.14

Now, the total money left:

Money left= 500 - 466.14

Money left= $33.86