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

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baherus [9]

2 years ago

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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

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Mathematics

1 answer:

Karo-lina-s [1.5K] · Answer 1 · 2023-11-03T03:19:05+03:00

For the sale of a $ 10 item with a discount of 30 % has a sales 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. Sales taxes are an example of indirect taxes, this kind of indirect tax is usually calculated on the basis of total 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 sales tax of $ 0.35.

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

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