Fleece vests regularly priced at 15.99$ are on sale for 12.99$. If the sales tax is 5%. How much can you save by buying the vest

Question

Mrac [35]

2 years ago

10

Fleece vests regularly priced at 15.99$ are on sale for 12.99$. If the sales tax is 5%. How much can you save by buying the vest

s on sale?

Mathematics

1 answer:

kvv77 [185] · Answer 1 · 2022-05-05T20:24:47+03:00

The amount of savings is about $3.15 by buying the vests on sale.

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<h3>Further explanation</h3>

Let's learn about the basic formula about Profit and Loss

$\texttt{Profit = Selling Price - Cost Price}$

$\texttt{Selling Price = Cost Price ( 100\% + Profit\% )}$

$\texttt{Loss = Cost Price - Selling Price}$

$\texttt{Selling Price = Cost Price ( 100\% - Loss\% )}$

<em>Let us tackle the problem !</em>

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<em>Fleece vests regularly priced at $15.99. If the sales tax is 5% , then:</em>

$\texttt{Regular Price + Tax} = \$15.99 + ($15.99 \times 5\%) = \$ 16.7895$

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<em>Fleece vests are on sale for 12.99$ , then:</em>

$\texttt{Discounted Price + Tax} = \$12.99 + ($12.99 \times 5\%) = \$ 13.6395$

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<em>How much can you save by buying the vests on sale?</em>

I can save $16.7895 - $13.6395 = $3.15

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<h2>Conclusion:</h2>

The amount of savings is about $3.15 by buying the vests on sale.

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<h3>Learn more</h3>

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<h3>Answer details</h3>

Grade: Middle School

Subject: Mathematics

Chapter: Percentage

Keywords: Linear , Equations , 1 , Variable , Line , Gradient , Point , Multiplication , Division , Exponent , PEMDAS , percentange , percent , cookies , chocolate , chip , paper , fourth , pieces , sale , Fleece Vests , regular price , sale price