A bedroom set that normally sells for $1100 is on sale for 15% off. If sales tax rate is 2%, what is the total price of the bedroom set if it is bought while on sale?
Calculate the sale price:
Sale Price = Normal Price * (1 - Sales Percentage)
With our sales percentage of 15% = 0.15, we have:
Sale Price = 1100 * (1 - 0.15)
Sale Price = 1100 * (0.85)
Sale Price = 935
Calculate post tax amount:
Post tax amount = Sale Price * (1 + Tax Percentage)
With our tax percentage of 2% = 0.02, we have:
Post tax amount = 935 * (1 + 0.02)
Post tax amount = 935 * (1.02)
Post tax amount = $953.70
Calculate the sale price:
Sale Price = Normal Price * (1 - Sales Percentage)
With our sales percentage of 15% = 0.15, we have:
Sale Price = 1100 * (1 - 0.15)
Sale Price = 1100 * (0.85)
Sale Price = 935
Calculate post tax amount:
Post tax amount = Sale Price * (1 + Tax Percentage)
With our tax percentage of 2% = 0.02, we have:
Post tax amount = 935 * (1 + 0.02)
Post tax amount = 935 * (1.02)
Post tax amount = $953.70