Using the information you calculated in the question above, consider the following. The Furniture Gallery is offering a 15% discount on plastic chair mats with the purchase of either chair. You have chosen a mat with an original price of $29.00. You also decide to purchase a two-year leather protection plan on your chair for $19.95. If you choose the chair with the greater markdown percent and the sales tax in your area is 6.3%, what is the total amount for all your purchases?
No information above. Original price of chair missing.
To calculate the total amount for all your purchases, we need to consider the discount, the sales tax, and the additional cost of the leather protection plan.
1. Calculate the discounted price of the plastic chair mat:
Multiply the original price ($29.00) by the discount percentage (15%):
Discounted price = $29.00 * 0.15 = $4.35
2. Determine the higher discount percentage between the two chairs:
If you have already calculated this information, use the chair with the greater markdown percent. Otherwise, compare the original prices and discounts of the two chairs to identify which one has the higher percentage.
3. Calculate the total cost of your purchases:
Add the discounted price of the plastic chair mat ($4.35) to the original price of the chosen chair.
Add the cost of the leather protection plan ($19.95) to the result.
Total cost = (Discounted price of chair + Original price of chair) + Cost of protection plan
4. Calculate the sales tax amount:
Multiply the total cost by the sales tax rate (6.3% or 0.063):
Sales tax = Total cost * 0.063
5. Add the sales tax to the total cost:
Total amount for all purchases = Total cost + Sales tax
By following these steps and considering the information provided, you can calculate the total amount for all your purchases.