Math

Discounts and tax.

Definition

Discounts reduce a price by a percentage, while sales tax adds a percentage to a price. To find the final price, subtract the discount first, then add the tax on the discounted amount.

How it works · 4 phases

Step by step.

  1. Find the discount amount: original price × discount rate
  2. Subtract the discount from the original price
  3. Find the tax amount: discounted price × tax rate
  4. Add the tax to get the final price
Examples

Real-world.

  • 1 A $50 shirt at 20% off costs $40 before tax
  • 2 With 8% tax on a $40 item, the total is $40 × 1.08 = $43.20
  • 3 A $200 TV at 15% off plus 6% tax: $200 × 0.85 × 1.06 = $180.20
Studied in

1 unit use this concept.