Question

Margie has a $50.00 budget to purchase $45.00 pair of boots. If there is an 8% sales tax rate then how much under budget will Maggie be?

Answer 1

$1.40

Explanation:

8%=0.08

45*.08=3.6

45+3.6=48.60

50.00-48.60=1.40

Answer 2

She will be $1.40 under budget.

8% = 8/100 = 0.08

Adding this to 100% of the price of the shoes, we get 108% = 108/100 = 1.08.

We multiply the price of the shoes by this:
45*1.08 = 48.60

Subtract this from 50:
50 - 48.60 = 1.40