Question

Eden bought a new phone. The phone’s retail price is $199. In addition, she paid sales tax of 8% of the retail price. A few days after the purchase, she filled out a mail-in rebate form and got back $50 from the store. How much did Eden pay for the phone after tax and the mail-in rebate?

Answer 1

Answer:

The price paid for the phone after tax and the mail-in rebate is $265 (an approximate value of $264.92).

Step-by-step explanation:

Given:

Retail price of the phone $199, sales tax 8% of the retail price and rebate $50.

So, for getting the price paid for phone add the retail price, sales tax and rebate.

Now, the amount of sales tax :

8% of $199

⇒$\frac{8}{100}\times199$

⇒$0.08\times199$

⇒$15.92$.

Sales tax is $15.92.

According to question:

$199+15.92+50$

$=264.92$.

Therefore, the price paid for the phone after tax and the mail-in rebate is $265 (an approximate value of $264.92).