00:01
So you bought a pair of jeans and on your receipt it says jeans $39 .99 discount negative 10 subtotal $29 .99 so that is the price minus the discount sales tax $1 .95 total $31 .94.
00:33
Then what is the percent of the discount to the nearest percent? well, the percent discount is the dollar amount of your discount divided by the original price and multiplied by 100%.
00:57
So this then is.
00:59
And since a discount is a decrease, we take negative that because we're looking at then a percent discount as a positive number.
01:18
So this then is positive 10 divided by 39 .99 times 100%, and that is equal to 25 .01 % your percent of the sales tax that is the tax amount divided by the subtotal because that's the amount that's taxed so this then is times 100 % so this is 1 .95 divided by 29 .99 times 100%.
02:17
And that is equal to 6 .50%.
02:30
And the price of the jeans includes a 60 % markup.
02:38
After the discount, what is the percent of the markup to the nearest percent? so the price is 1 .60 times the cost.
02:56
That means that it includes a 60 % markup.
03:01
So that means that the 39 .99 was 1 .60 times the cost to the seller.
03:12
So the cost to the seller was 39 .99 divided by 1 .60, which is 24 .99...