Question

If I bought shoes for 32.30 with 15% off 7%sales tax a 25dollar gift card but had a coupon that was forgotten for 5%off the original price what should have I paid

Answer 1

$4.37 cash outlay

$29.37 total amount paid, partly with gift card

Explanation:

The discount was ...

0.15 × $32.30 = $4.845 ≈ $4.85

So the price to which tax is added is ...

$32.30 -4.85 = $27.45

The amount of tax is 7% of this value, or ...

tax = $27.45 × 0.07 = $1.9215 ≈ $1.92

So, payment is made on the amount ...

$27.45 + 1.92 = $29.37

$29.37 is the total amount paid.

If $25 is paid using a gift card, then the cash outlay is $4.37.

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Usually only a single coupon can be applied to a given purchase. Since the 15% store discount exceeds the amount of the 5% coupon left at home, it makes more sense to claim the 15% store discount and save the 5% coupon for another time.

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Alternate interpretation

If, by some magic, both discounts could be applied, then the amount to be paid is $27.65, of which $2.65 exceeds the gift card amount. The calculation proceeds the same way, except that 20% is used instead of 15%.