Question

A man purchased a bundle of cloth, with a list price of $20,000. He was offered a discount of 25% on the list price he paid sales tax of 10 on the discounted price what was the amount paid by him?

Answer 1

Answer:

$16,500

Step-by-step explanation:

Answer 2

What is the list price?  

The list price or the marked price of an item is the original price of the item.  

What is the discount?  

The discount price of the item is the amount that is obtained by subtracting the sales price from the original price.  

What is the discount percentage?

The discount percentage is the amount of money subtracted from the original price of the item expressed as a percentage.  

What is sales tax?

The sales tax is the sum of mo0ney which the buyer pays above the price of the item to buy it.

How to calculate the price after giving discounts and the price after adding sales tax?  

We will use the following formula:  

$\boxed{\bold{S.P. = M.P. - (\frac{Discount}{100}\times M.P. )}}$

$\boxed{\bold{Final\:Price = S.P. + (\frac{sales\: tax\%}{100}\times S.P. )}}$

Now, let's solve the problem,

The list price of the bundle of cloth = $ 20000

The discount percentage = 25%

Therefore,

The price of the bundle of cloth after giving the discount is,

= $20000 - (\frac{25}{100}\times 20000)$

= $20000 - 5000$

= $\bold{\ 15000}$

The rate of sales tax = 10%

Therefore,

The final price of the bundle of cloth after adding the sales tax on the discounted price is,

= $15000 + (\frac{10}{100}\times 15000)$

= $15000 + 1500$

= $\bold{\ \:16500}$

Thus, the amount paid by the man was → $ 16500.

Learn more about M.P., S.P., discount% and sales tax% here:  

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