For the sale of a $ 10 item with a discount of 30 % has a sales tax of $ 0.35.
In this question we must determine the amount of money needed to pay in taxes by the purchase of an item with a discount. Sales taxes are an example of indirect taxes, this kind of indirect tax is usually calculated on the basis of total costs, including discounts. The amount of money need for the sales tax is described below:
t = (r / 100) · (1 - d / 100) · c (1)
Where:
If we know that d = 30, r = 5 and c = 10, then the sales tax total is:
t = (5/ 100) · (1 - 30 / 100) · 10
t = 0.35
For the sale of a $ 10 item with a discount of 30 % has a sales tax of $ 0.35.
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