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17 June, 09:51

Nicole bought a new TV at Target for $384.87. if the TV was on sale for 25% off and she paid with her red card which earned her another 5% off, and the tax rate is 8.25% what was the original price of the TV? Be sure to show how you arrived at your answer

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  1. 17 June, 11:26
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    Let x = the original price.

    With 25% off, the price drops to

    0.75x.

    With another 5% off, the price drops to

    0.95 * (0.75x) = 0.7125x

    Add 8.25% tax, and the price goes up to

    1.0825 * (0.7125x) = 0.7713x

    This is equal to the amount paid, so

    0.7713x = 384.87

    x = 384.87/0.7713 = $498.99

    Answer: Original price = $498.99
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