Rick bought a pair of pants for $45.00. The sales tax rate is 8%. How much did he pay total for the pants?
1 answer:
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<u>Answer:</u>
The original selling price is $520.632
<u>Explanation:</u><u> </u>
Consider the initial selling price be $x
After marking down 10%,
Final Selling price = Selling price(1-10%)
Selling price = x – 10% of x = x – 0.1x = 0.9x
After marking 30%
Final Selling price = Selling price(1-10%)
Selling price = 0.9x – 0.3*0.9x = 0.9x – 0.27x = 0.63x
According to the question,
0.63x = 328
Therefore, the original selling price is $520.632