Andrew bought a math book to study for $30. Later that book was marked down 37.5 and a sales tax rate of 7 percent was included. What is the

Question

Andrew bought a math book to study for $30. Later that book was marked down 37.5 and a sales tax rate of 7 percent was included. What is the markdown amount and the sales tax amount?

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Orla Orla 5 years 2021-08-27T19:44:35+00:00 2 Answers 10 views 0

Answers ( )

    0
    2021-08-27T19:46:06+00:00

    Answer:

    Marked down amount = $11.25

    Sales tax amount = $1.31

    Explanation:

    The initial amount Andrew bought the book was $30.

    If the book was later marked down by 37.5%, therefore the marked down will be;

     \frac{37.5}{100}  \times 30 = 0.375 \times 30 = 11.25

    The marked down price will be;

    30 - 11.25 = 18.75

    If the sales tax rate was 7%, the sales tax amount will be;

     \frac{7}{100}  \times 18.75 = 1.31

    0
    2021-08-27T19:46:30+00:00

    Answer:

    • $11.25
    • $1.31

    Step-by-step explanation:

    • Initial price = $30
    • Mark down = 37.5%
    • Sales tax = 7%

    The markdown amount is:

    • $30*37.5/100 =  $11.25

    The markdown price is:

    • $30 – $11.25 = $18.75

    The sales tax amount is:

    • $18.75*7/100 = $1.31 (rounded to the nearest cent)

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