You are saving your money to buy an Xbox one. The regular price is $499.96. It will be on sale in two weeks at Walmart for 15% off that price. What will your total cost be INCLUDING a 7% tax rate?

Question

Use discount, sales price, sales tax, and total cost equations.

Answer 1

First determine how much less you will be paying when on sale:

.15×499.96 = 74.994

499.96 — 74.994 = 424.97 this is the sale price after 15% off

Calculate 7% tax on this sale price. .07×424.97=16.99

So your total cost will be 424.97 + 16.99 = $ 441.96