Question

An item you want is regularly $56.23, but is on sale for $40 this week. If the tax is 5%, but the shipping is the same for both, how much will you save by ordering the item on sale?

Answer 1

Answer:

Amount saved = $17.04

Step-by-step explanation:

An item you want is regularly $56.23, but is on sale for $40 this week

Original amount is $56.23

tax is 5%, tax amount is $\frac{5}{100} \cdot 56.23=2.8115$

Original cost with tax is $56.23+2.8115=59.04$

Sale amount is $40

tax is 5%, tax amount is $\frac{5}{100} \cdot 40=2$

sale cost with tax is $40+2=42$

Amount you save = original cost- sale cost

$59.04-42=17.04$