Question

Alma, a sales associate, receives a 20% employee discount. Because she was the top sales associate of the month, Alma was given an additional 10% discount for the month of March. During March, Alma purchased a pair of running shoes for $89.50, a running suit for $129.99, two pairs of socks at $4.00 each and a t-shirt for $21.50. What was the dollar amount of Alma's purchases, including a 7.5% sales tax

Answer 1

Answer:

$187.365

Explanation:

Alma Purchases  

Shoes                  $89.5

Running Suit       $129.99

Socks 2 Paris      $8

T-Shirts                $21.5

Total purchase   $248.99

Less: Discount    $74.697 [30% * $248.99{

Less: Sales Tax   $13.07198 {7.5% * $248.99}

Total Amount     $187.365

Thus, the dollar amount of Alma's purchases, including a 7.5% sales tax is $187.365.

Answer 2

The dollar amount of Alma's purchases is $187.365.

What are purchases?

In accounting, Purchases refer to the cost of buying goods or inventory during a period for the purpose of further production or resale. The amount of net purchases is calculated by adjusting the returns and discounts.

The total purchases of Alma will be:

$\rm Total \:purchases = Running\: shoes + Running \:suit + Socks +T-shirt \\\\\rm Total \:purchases= \ 89.50 + 129.99 + (\ 4.00 \times 2) + \ 21.50\\\\\rm Total \:purchases = \ 248.99$

The amount of discount will be 30% of total purchases:

$\rm Discount = Total\:purchases \times Rate\\\\\rm Discount = \ 248.99 \times 30\%\\\\\rm Discount = \ 74.697$

The sales tax amount will be:

$\rm Sales \:tax = Total purchases \times Rate\\\\\rm Sales\: tax = 248.99 \times 7.5\%\\\\\rm Sales\: tax =\ 18.67425$

Therefore the net purchase after sales tax will be:

$\rm Net\:purchases = Total\:purchases - Discount - Sales\:tax \\\\\rm Net\:purchases = \ 248.99 - \ 74.697- \ 18.67425\\\\\rm Net\:purchases = \ 187.365$

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