An Album Sells For $15.00 Through An Online Music Service. If The Album Is 10% Off, And Sales Tax Is 6%, What Is The Total Price Of The Album Including Tax? A. $14.45 B. $14.31 C. $14.40 D. $13.52
Understanding the Problem
In this problem, we are given the original price of an album, which is $15.00. The album is on sale with a 10% discount, and there is a 6% sales tax. We need to calculate the total price of the album, including the discount and the sales tax.
Step 1: Calculate the Discount
The album is on sale with a 10% discount. To calculate the discount, we need to find 10% of the original price.
- Original Price: $15.00
- Discount Percentage: 10%
- Discount Amount: 10% of $15.00 = 0.10 * $15.00 = $1.50
So, the discount amount is $1.50.
Step 2: Calculate the Sale Price
Now that we have the discount amount, we can calculate the sale price by subtracting the discount amount from the original price.
- Original Price: $15.00
- Discount Amount: $1.50
- Sale Price: $15.00 - $1.50 = $13.50
So, the sale price of the album is $13.50.
Step 3: Calculate the Sales Tax
Next, we need to calculate the sales tax, which is 6% of the sale price.
- Sale Price: $13.50
- Sales Tax Percentage: 6%
- Sales Tax Amount: 6% of $13.50 = 0.06 * $13.50 = $0.81
So, the sales tax amount is $0.81.
Step 4: Calculate the Total Price
Finally, we can calculate the total price by adding the sale price and the sales tax amount.
- Sale Price: $13.50
- Sales Tax Amount: $0.81
- Total Price: $13.50 + $0.81 = $14.31
So, the total price of the album, including the discount and the sales tax, is $14.31.
Conclusion
In this problem, we calculated the total price of an album with a 10% discount and a 6% sales tax. We first calculated the discount amount, then the sale price, followed by the sales tax amount, and finally the total price. The total price of the album, including the discount and the sales tax, is $14.31.
Answer
Q: What is the formula to calculate the discount amount?
A: The formula to calculate the discount amount is: Discount Amount = (Discount Percentage * Original Price). For example, if the original price is $15.00 and the discount percentage is 10%, the discount amount would be 0.10 * $15.00 = $1.50.
Q: How do I calculate the sale price after applying the discount?
A: To calculate the sale price, subtract the discount amount from the original price. For example, if the original price is $15.00 and the discount amount is $1.50, the sale price would be $15.00 - $1.50 = $13.50.
Q: What is the formula to calculate the sales tax amount?
A: The formula to calculate the sales tax amount is: Sales Tax Amount = (Sales Tax Percentage * Sale Price). For example, if the sale price is $13.50 and the sales tax percentage is 6%, the sales tax amount would be 0.06 * $13.50 = $0.81.
Q: How do I calculate the total price of the album, including the discount and the sales tax?
A: To calculate the total price, add the sale price and the sales tax amount. For example, if the sale price is $13.50 and the sales tax amount is $0.81, the total price would be $13.50 + $0.81 = $14.31.
Q: What if the sales tax percentage is not a whole number? How do I calculate the sales tax amount?
A: If the sales tax percentage is not a whole number, you can calculate the sales tax amount by multiplying the sale price by the sales tax percentage as a decimal. For example, if the sale price is $13.50 and the sales tax percentage is 6.25%, you would multiply $13.50 by 0.0625 to get the sales tax amount.
Q: Can I use a calculator to calculate the total price of the album, including the discount and the sales tax?
A: Yes, you can use a calculator to calculate the total price of the album, including the discount and the sales tax. Simply enter the original price, discount percentage, sales tax percentage, and sale price into the calculator, and it will give you the total price.
Q: What if I want to round the total price to the nearest cent? How do I do that?
A: If you want to round the total price to the nearest cent, you can use a calculator or round the total price manually. For example, if the total price is $14.315, you can round it to $14.32.
Conclusion
In this article, we answered some frequently asked questions about calculating the total price of an album with a discount and sales tax. We covered topics such as calculating the discount amount, sale price, sales tax amount, and total price, as well as using a calculator and rounding the total price to the nearest cent. We hope this article has been helpful in answering your questions and providing you with a better understanding of how to calculate the total price of an album with a discount and sales tax.