After a 20% discount and 6% tax, a guitar costs $530.00. What was the original price of the guitar?
Solution:
Consider the original price as P
20% discount = 0.20P
So the discounted sale price = (1 - 0.20) P = 0.80 P
6% tax on the discounted sale price = 0.06 (0.80P)
We know that
530 = 0.80P + 0.06 (0.80P)
By further calculation
530 = 0.848P
Divide both sides by 0.848
P = 530/0.848
P = 625
Therefore, the original price of the guitar is $625.
After a 20% discount and 6% tax, a guitar costs $530.00. What was the original price of the guitar?
Summary:
After a 20% discount and 6% tax, a guitar costs $530.00. The original price of the guitar is $625.
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