Find the tax on a dinette set with a cash price of $200 that has been reduced by 20% if the tax rate is 6.5%.
Mathematics · High School · Mon Jan 18 2021
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Find the tax on a dinette set with a cash price of $200 that has been reduced by 20% if the tax rate is 6.5%.
Solution:
Change first all the percentage to decimals. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 20%/100
= 0.2
= 6.5%/100
= 0.065
Take 20% of 200 by multiplying 0.2 to 200 then subtract the product to 200.
= ($200)(0.2)
= $40
= $200 - $40
= $160
Take 6.5% of 200 by multiply 0.065 to 200, then add the product to 160.
= ($200)(0.065)
= $13
= $160 + $13
= $173
Final answer:
= $173