Percentage & Sales Story Problem

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SUMMARY

Andrew purchased a camera originally priced at $240, which was offered at a 20% discount, resulting in a sale price of $192. After applying an 8% sales tax on the discounted price, the total amount paid by Andrew was $207.36. The calculations involved determining the discount amount, applying the sales tax, and summing these values to find the final price. This problem illustrates the practical application of percentage calculations in real-world scenarios.

PREREQUISITES
  • Understanding of basic percentage calculations
  • Familiarity with sales tax concepts
  • Ability to perform arithmetic operations involving decimals
  • Knowledge of discount calculations
NEXT STEPS
  • Learn advanced percentage problems and their applications
  • Explore different methods for calculating sales tax
  • Study discount strategies in retail pricing
  • Investigate financial literacy resources for better money management
USEFUL FOR

Students, educators, retail professionals, and anyone interested in mastering percentage calculations and financial transactions.

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Andrew bought a camera on sale at a 20% discount. It was marked down from its regular price of $120. If there is an 8% sales tax on the sale price, how much did Andrew pay for the camera?
 
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That's pretty straight forward if you understand what percentages are! 20% of \$240 is 0.20 times 240= \$48. Since \$240 is discounted by that much, the sale price is \$240- 48= \$192. 8% of that sales price is 0.08 times \$192= \$15.36. Add that tax to the sales tax: \$192.00+ 15.36= \$207.36.
 

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