Always calculate the discount first

Oct 13, 2025 by magicalceylontours.com 115 views

Introduction

When shopping at a store, customers often look for discounts and promotions to save money on their purchases. In this scenario, a store is offering a 20% discount on all items, including a shirt priced at 200,000. However, there's an additional tax charged on the price after the discount. In this article, we'll calculate the final price of the shirt, taking into account the discount and the tax.

Calculating the Discount

To calculate the discount, we need to find 20% of the original price of the shirt, which is 200,000.

Discount = 20% of 200,000 Discount = 0.20 x 200,000 Discount = 40,000

So, the discount on the shirt is 40,000.

Calculating the Price After the Discount

Now that we have the discount amount, we can calculate the price of the shirt after the discount.

Price After Discount = Original Price - Discount Price After Discount = 200,000 - 40,000 Price After Discount = 160,000

The price of the shirt after the discount is 160,000.

Calculating the Tax

The tax charged is 10% of the price after the discount, which is 160,000.

Tax = 10% of 160,000 Tax = 0.10 x 160,000 Tax = 16,000

So, the tax charged on the shirt is 16,000.

Calculating the Final Price

To calculate the final price of the shirt, we need to add the price after the discount and the tax.

Final Price = Price After Discount + Tax Final Price = 160,000 + 16,000 Final Price = 176,000

The final price of the shirt is 176,000.

Conclusion

In this article, we calculated the final price of a shirt after a 20% discount and a 10% tax on the price after the discount. We found that the discount amount is 40,000, the price after the discount is 160,000, the tax charged is 16,000, and the final price of the shirt is 176,000. This calculation demonstrates the importance of considering both discounts and taxes when determining the final price of a product.

Real-World Applications

This calculation has real-world applications in various scenarios, such as:

Retail Pricing: When setting prices for products, retailers need to consider both discounts and taxes to ensure they are competitive and profitable.
Budgeting: Consumers need to factor in discounts and taxes when creating a budget for their purchases.
Financial Planning: Businesses and individuals need to consider the impact of discounts and taxes on their financial planning and decision-making.

Tips and Tricks

When calculating discounts and taxes, keep the following tips and tricks in mind:

Always calculate the discount first: This ensures that you are applying the discount to the original price, rather than the price after the discount.
Consider the tax rate: Make sure to use the correct tax rate when calculating the tax amount.
Round to the nearest dollar: When calculating the final price, round to the nearest dollar to avoid any confusion or errors.

Frequently Asked Questions

What is the discount on the shirt? The discount on the shirt is 40,000.
What is the price after the discount? The price after the discount is 160,000.
What is the tax charged on the shirt? The tax charged on the shirt is 16,000.
What is the final price of the shirt? The final price of the shirt is 176,000.

Introduction

In our previous article, we calculated the final price of a shirt after a 20% discount and a 10% tax on the price after the discount. In this article, we'll answer some frequently asked questions related to the calculation.

Q&A

Q: What is the discount on the shirt?

A: The discount on the shirt is 40,000.

Q: What is the price after the discount?

A: The price after the discount is 160,000.

Q: What is the tax charged on the shirt?

A: The tax charged on the shirt is 16,000.

Q: What is the final price of the shirt?

A: The final price of the shirt is 176,000.

Q: How do I calculate the discount?

A: To calculate the discount, you need to find 20% of the original price of the shirt.

Discount = 20% of 200,000 Discount = 0.20 x 200,000 Discount = 40,000

Q: How do I calculate the price after the discount?

A: To calculate the price after the discount, you need to subtract the discount amount from the original price.

Price After Discount = Original Price - Discount Price After Discount = 200,000 - 40,000 Price After Discount = 160,000

Q: How do I calculate the tax?

A: To calculate the tax, you need to find 10% of the price after the discount.

Tax = 10% of 160,000 Tax = 0.10 x 160,000 Tax = 16,000

Q: How do I calculate the final price?

A: To calculate the final price, you need to add the price after the discount and the tax.

Final Price = Price After Discount + Tax Final Price = 160,000 + 16,000 Final Price = 176,000

Q: What if the tax rate is different?

A: If the tax rate is different, you need to use the correct tax rate when calculating the tax amount.

Tax = Tax Rate x Price After Discount Tax = 0.15 x 160,000 Tax = 24,000

Q: What if the discount is different?

A: If the discount is different, you need to use the correct discount amount when calculating the price after the discount.

Price After Discount = Original Price - Discount Price After Discount = 200,000 - 30,000 Price After Discount = 170,000

Conclusion

In this article, we answered some frequently asked questions related to the calculation of the final price of a shirt after a 20% discount and a 10% tax on the price after the discount. We hope this Q&A article helps you understand the calculation better and answers any questions you may have.

Real-World Applications

This Q&A article has real-world applications in various scenarios, such as:

Retail Pricing: When setting prices for products, retailers need to consider both discounts and taxes to ensure they are competitive and profitable.
Budgeting: Consumers need to factor in discounts and taxes when creating a budget for their purchases.
Financial Planning: Businesses and individuals need to consider the impact of discounts and taxes on their financial planning and decision-making.

Tips and Tricks

When calculating discounts and taxes, keep the following tips and tricks in mind:

Always calculate the discount first: This ensures that you are applying the discount to the original price, rather than the price after the discount.
Consider the tax rate: Make sure to use the correct tax rate when calculating the tax amount.
Round to the nearest dollar: When calculating the final price, round to the nearest dollar to avoid any confusion or errors.

Frequently Asked Questions

What is the discount on the shirt? The discount on the shirt is 40,000.
What is the price after the discount? The price after the discount is 160,000.
What is the tax charged on the shirt? The tax charged on the shirt is 16,000.
What is the final price of the shirt? The final price of the shirt is 176,000.