Ricardo is treating his employees and makes the following purchases at the store: 2 packages of bagels at $3.49 each 2 containers of cream cheese at $2.89 each 3 dozen doughnuts at $5.39 each 4 bottles of juice at $3.49 each Ricardo has a business account which saves him 5% on all purchases at this store. The discount is applied before tax. He is charged sales tax of 7%. If Ricardo paid $45.89, then he _____ for his purchase. a. did not pay enough b. paid the correct amount c. paid $2.29 too much d. paid $5.14 too much

Respuesta :

Ricardo has a business account which saves him 5% on all purchases at this store. the discount is applied before tax. he is charged sales tax of 7%. if Ricardo paid $45.89, then he paid $2.29 too much for his purchase. THE ANSWER WOULD BE C. $2.29 too much

Answer:

Ricardo paid $2.29 too much

Step-by-step explanation:

Great question, it is always good to ask away and get rid of any doubts that you may be having.

To begin answering this question we need to calculate the total before applying anything. We calculate this by adding up all the amounts of each item purchased. Like so,

[tex](2*3.49)+(2*2.89)+(3*5.39)+(4*3.49) = Total[/tex]

[tex]6.98+5.78+16.17+13.96 = Total[/tex]

[tex] 42.89= Total[/tex]

Now that we have the total we can apply the 5% discount to this total.

[tex]42.89 * (1-0.05) = 40.75[/tex] ... rounded up

Finally we can apply the 7% sales tax to this purchase to calculate the final price that Ricardo should have paid.

[tex]40.75*(1+0.07) = 43.58[/tex] ... rounded up

As we can see Ricardo paid $2.29 too much

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