<em><u>Problem One</u></em>
Remark
You don't pay a sales tax until cash is exchanged for goods or services.
So what is 70% off
Solution
Sale price = given price * (100% - 70%)
Sale Price = 72 * 30%
Sale Price = 72 * 30/100
Sale Price = 72 * 0.3
Sale Price = 21.6 dollars.
The sales tax is 5% of this amount
21.6 * 5/100 = 1.08
The total cost is = 21.6 + 1.08 = 22.68
Problem Two
If they marked up 100%, effectively they doubled the price.
New Price = old price + 100% of old price.
New Price = 48.50 + 48.50 = 97 dollars.
The sales tax is 6% * 97 = 6/100 * 97 = 5.82
Total Cost = Cost of item + Tax
Total Cost =97 + 5.82
Total Cost = 102.82 Answer <<<<
