Store A charges $1,200 for repairs with a 6 percent sales tax. Store B charges $1,350 with a 7 percent sales tax. Explain how you would determine the amount of money saved by using Store A instead of Store B?
To determine the amount of money saved by using Store A instead of Store B, you would need to compare the total cost of repairs including the sales tax for each store.
For Store A:
1. Calculate the sales tax amount: $1,200 * 6% = $72
2. Add the sales tax to the cost of repairs: $1,200 + $72 = $1,272
For Store B:
1. Calculate the sales tax amount: $1,350 * 7% = $94.50
2. Add the sales tax to the cost of repairs: $1,350 + $94.50 = $1,444.50
To determine the amount of money saved by using Store A instead of Store B, you subtract the total cost at Store A from the total cost at Store B:
$1,444.50 - $1,272 = $172.50
Therefore, by using Store A instead of Store B, you would save $172.50.
To determine the amount of money saved by using Store A instead of Store B, we need to calculate the total cost of repairs at each store and then compare the difference.
1. Calculate the total cost of repairs at Store A:
- The cost of repairs at Store A is $1,200.
- The sales tax rate at Store A is 6 percent.
- To find the sales tax amount, multiply the cost of repairs by the sales tax rate:
Sales tax amount = $1,200 * (6/100) = $72.
- To find the total cost at Store A, add the cost of repairs and the sales tax amount:
Total cost at Store A = $1,200 + $72 = $1,272.
2. Calculate the total cost of repairs at Store B:
- The cost of repairs at Store B is $1,350.
- The sales tax rate at Store B is 7 percent.
- To find the sales tax amount, multiply the cost of repairs by the sales tax rate:
Sales tax amount = $1,350 * (7/100) = $94.50.
- To find the total cost at Store B, add the cost of repairs and the sales tax amount:
Total cost at Store B = $1,350 + $94.50 = $1,444.50.
3. Calculate the difference in cost between Store A and Store B:
- To find the amount saved by using Store A instead of Store B, subtract the total cost at Store A from the total cost at Store B:
Amount saved = Total cost at Store B - Total cost at Store A
= $1,444.50 - $1,272
= $172.50.
Therefore, by using Store A instead of Store B, you would save $172.50.
To determine the amount of money saved by using Store A instead of Store B, we need to compare the total cost of repairs at both stores, including the sales tax. Here are the steps to calculate the savings:
Step 1: Calculate the sales tax for Store A:
- Take 6 percent of the repair cost from Store A.
- 6 percent of $1,200 can be calculated by multiplying $1,200 by 0.06.
- 0.06 x $1,200 = $72.
So, the sales tax for Store A is $72.
Step 2: Calculate the total cost of repairs at Store A:
- Add the repair cost and the sales tax together.
- $1,200 + $72 = $1,272.
Therefore, the total cost of repairs at Store A is $1,272.
Step 3: Calculate the sales tax for Store B:
- Take 7 percent of the repair cost from Store B.
- 7 percent of $1,350 can be calculated by multiplying $1,350 by 0.07.
- 0.07 x $1,350 = $94.50.
So, the sales tax for Store B is $94.50.
Step 4: Calculate the total cost of repairs at Store B:
- Add the repair cost and the sales tax together.
- $1,350 + $94.50 = $1,444.50.
Therefore, the total cost of repairs at Store B is $1,444.50.
Step 5: Calculate the savings:
- Subtract the total cost at Store A from the total cost at Store B.
- $1,444.50 - $1,272 = $172.50.
Hence, by using Store A instead of Store B, you would save $172.50.