Question

(WORTH 20 POINTS) Please help I don't know how to do this

In your own words, what do the terms sales tax and discount mean? Is a 5 percent sales tax a percent of increase or decrease? What about a 15 percent discount?


lol help-

Answer 1

Answer: In layman's terms, that means if the original price of something you sell was $100, but you offer a 50% discount, then the taxable price is $50. Sale Price = original price – (% of discount * original price)

Sales Tax = Sales Tax rate * Sale Price.

Sales Tax = 0.05 * $17.21 = $0.8605 = $0.86. How do I add 5% to a number?

Divide the number you wish to add 5% to by 100.

Multiply this new number by 5.

Add the product of the multiplication to your original number.

Enjoy working at 105%!

Answer 2

Sales tax is an increase in the price of the item while a discount is the decrease of the price. A 5% sales tax is an increase since your paying an extra 5% of the item price. 15% discount is a decrease since your now only paying 85% of the original price. Hope that helps