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Chapter 8: Problem 69

What is the total cost of a \(\$ 720\) iPad that is on sale at \(15 \%\) off if the local sales tax rate is \(6 \%\) ?

Short Answer

Expert verified
The total cost of the iPad is \$648.72.

Step by step solution

01

Calculate the Discounted Price

The original price of the iPad is \$720 and there is a discount of 15\%. To find out how much the discount is worth, multiply the original price by the discount rate.This is done like this: \(720 脳 0.15 = 108\). This means the amount of discount is \$108. Subtract this amount from the original price to get the price after discount: \(720 - 108 = 612\). So, the discounted price is \$612.
02

Compute the Sales Tax

Now compute how much the sales tax is. The product is taxed at a rate of 6\% on the discounted price. Calculate this by multiplying the discounted price by the tax rate: \(612 脳 0.06 = 36.72\). So, the amount of tax is \$36.72.
03

Determine the Total Cost

Finally, to determine the total cost of the iPad, add the sales tax to the cost of the iPad after the discount. This is done like this: \(612 + 36.72 = 648.72\). This is the total cost of the iPad.

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