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A jacket that usually sells for $85.00 is marked down for an end-of-se
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09 Jul 2021, 08:36
09 Jul 2021, 08:36
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Question Stats:
37% (02:03) correct
62% (02:16) wrong based on 8 sessions
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A jacket that usually sells for $85.00 is marked down for an end-of-season clearance sale. Including tax, the customer saves a total of $18.36. If the sales tax rate is 8%, how much does a customer pay for the jacket at the marked-down price?
Show: :: OA
$ 68.00
Intern
Joined: 11 Jan 2021
Posts: 29
Given Kudos: 1275
GRE 1: Q167 V159
A jacket that usually sells for $85.00 is marked down for an end-of-se
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09 Jul 2021, 09:32
09 Jul 2021, 09:32
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Actual selling price = \(85$\)
8% sales tax means the final price will be \(85 * (1 + 8/100) = 91.8$\)
Customer saves 18.36$, with tax.
Therefore, the customer pays \(91.8 - 18.36 = 73.44$\)
The marked down price of the jacket is \(73.44/1.08 = 68$ \)
8% sales tax means the final price will be \(85 * (1 + 8/100) = 91.8$\)
Customer saves 18.36$, with tax.
Therefore, the customer pays \(91.8 - 18.36 = 73.44$\)
The marked down price of the jacket is \(73.44/1.08 = 68$ \)
Intern
Joined: 20 Jun 2021
Posts: 21
Given Kudos: 152
WE:Manufacturing and Production (Manufacturing)
A jacket that usually sells for $85.00 is marked down for an end-of-se
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25 Jul 2021, 10:03
25 Jul 2021, 10:03
aniruddha23 wrote:
Actual selling price = \(85$\)
8% sales tax means the final price will be \(85 * (1 + 8/100) = 91.8$\)
Customer saves 18.36$, with tax.
Therefore, the customer pays \(91.8 - 18.36 = 73.44$\)
The marked down price of the jacket is \(73.44/1.08 = 68$ \)
8% sales tax means the final price will be \(85 * (1 + 8/100) = 91.8$\)
Customer saves 18.36$, with tax.
Therefore, the customer pays \(91.8 - 18.36 = 73.44$\)
The marked down price of the jacket is \(73.44/1.08 = 68$ \)
Please explain why we have calculated the last part:
The marked down price of the jacket is \(73.44/1.08 = 68$ \)
