The original price of a shirt is $16.00. The price of the shirt is discounted by 20%, then a 4% sales tax is added. What is the FINAL price of the shirt after the discount is taken and the tax is added? Round to the nearest penny.
To find the price after the 20% discount, we first need to find how much the discount is.
Discount = 20% of $16.00
Discount = 0.20 x $16.00
Discount = $3.20
So, the discounted price of the shirt is:
Discounted price = $16.00 - $3.20
Discounted price = $12.80
Next, we calculate the sales tax:
Sales tax = 4% of $12.80
Sales tax = 0.04 x $12.80
Sales tax = $0.512
Finally, we add the sales tax to the discounted price to find the final price:
Final price = $12.80 + $0.512
Final price = $13.312
Rounded to the nearest penny, the final price of the shirt after the discount is taken and the tax is added is $13.31.