Question

A store sells a new pair of sneakers for $120. A costumer signed up for a free membership card an received a 20% discount off the price. Sales tax of 8% was applied after the discount what was the final price of the sneakers?

Answer 1

The Solution.

The original price of the sneakers is $120.

A discount of 20% was given.

$\begin{gathered} \text{Actual Discount=20\% of 120} \\ =\frac{20}{100}\times120=2\times12=\text{ \ 24} \end{gathered}$

So, the discounted price of the sneaker is

$\text{Discount Price =120-24 = \ 96}$

Now, applying 8% sales tax, we get

$\begin{gathered} \text{Sales tax =8\% of 96} \\ \text{Sales tax = }\frac{8}{100}\times96=0.08\times96=\text{ \ 7.68} \end{gathered}$

So, the final price of the sneakers is

$\text{ Final Price = 96 +7.68 =\ 103.68}$

Therefore, the correct answer is $103.68