if a new CD player in North Carolina cost $225 and the sales tax is 4.75%, how much will a customer save during a tax-free holiday, when tax does not need to be paid?

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lovinglifeforever123 lovinglifeforever123

03-12-2015
Mathematics

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if a new CD player in North Carolina cost $225 and the sales tax is 4.75%, how much will a customer save during a tax-free holiday, when tax does not need to be paid?

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taskmasters taskmasters · Answer 1 · 2015-12-03T06:29:49+01:00

In this question , there are several information's that has been provided and are of immense importance. Cost of a new CD player in North Carolina cost $225. The sales tax applied is 4.75%. The amount of savings during tax free period has to be calculated.
Then
The amount of money that the customer will
save during tax free period = 225 * (4.75/100)
= 225 * 0.0475
= 10.687
So the person will save $10.687 or you can take it as $10.69 during the tax free period.

aryn814 aryn814 · Answer 2 · 2015-12-03T06:30:06+01:00

aryn814 aryn814

03-12-2015

Forgive me if I'm doing this wrong but, 225 times .0475 = 10.68. The tax is 10.69. So, when tax doesn't need to be paid the customer saves $10.69.

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