Question

Alene wants to buy a pencil pouch that costs $16.00 . She must also pay 5 % sales taxIf she pays with a $20 bill how much change will she receive back?

Answer 1

Explanation:

First we have to find the total cost of the pencil pouch including taxes:

$\text{tax}=16\cdot\frac{5}{100}=16\cdot0.05=0.8$

The tax is $0.80, so the total cost of the pencil pouch is $16.80.

The change is the difference between how much Alene pays and how much does the item cost:

$20-16.80=3.20$

Answer:

She will receive $3.20 back