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 a 20% discount, we first calculate 20% of $16.00:
$16.00 * 0.20 = $3.20
Next, we subtract the discount from the original price:
$16.00 - $3.20 = $12.80
Now we need to add a 4% sales tax to the discounted price. First, we calculate 4% of $12.80:
$12.80 * 0.04 = $0.512
Finally, we add the tax to the discounted price:
$12.80 + $0.512 = $13.31
So, the final price of the shirt after the discount is taken and the tax is added is $13.31.