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baherus [9]
1 year ago
13

The store has a 30% discount on every item in stock. how much is the 5% sales tax reduced on an item that regularly sells for $1

0?
i need help on this question
Mathematics
1 answer:
Karo-lina-s [1.5K]1 year ago
4 0

For the sale of a $ 10 item with a discount of 30 % has a <em>sales</em> tax of $ 0.35.

<h3>How much money should we pay in sales tax?</h3>

In this question we must determine the amount of money needed to pay in taxes by the purchase of an item with a discount. <em>Sales</em> taxes are an example of <em>indirect</em> taxes, this kind of <em>indirect</em> tax is usually calculated on the basis of <em>total</em> costs, including discounts. The amount of money need for the sales tax is described below:

t = (r / 100) · (1 - d / 100) · c     (1)

Where:

  • d - Discount rate
  • r - Sales tax rate
  • c - Item price
  • t - Sales tax total

If we know that d = 30, r = 5 and c = 10, then the sales tax total is:

t = (5/ 100) · (1 - 30 / 100) · 10

t = 0.35

For the sale of a $ 10 item with a discount of 30 % has a <em>sales</em> tax of $ 0.35.

To learn more on taxes: brainly.com/question/16423331

#SPJ1

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