The original price of a shirt is $16. 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 out and the taxes added round to the nearest penny
First, we need to find the discounted price after a 20% discount.
Discounted price = original price - (original price * discount rate)
Discounted price = $16 - ($16 * 0.20)
Discounted price = $16 - $3.20
Discounted price = $12.80
Next, we need to calculate the final price after adding a 4% sales tax.
Final price = discounted price + (discounted price * sales tax rate)
Final price = $12.80 + ($12.80 * 0.04)
Final price = $12.80 + $0.512
Final price = $13.312
Rounding to the nearest penny, the final price of the shirt after the discount is taken out and the taxes added is $13.31.