Question

if you purchase an item that sells for $500 before midnight tonight, the store will pay the tax of 7% on the item. How much money will you save if you get it on this offer a. $25 b. $28 c. $35d. $50

Answer 1

Given:

Cost of the item is $500.

Tax offer percentage is 7%.

The objective is to find the offer amount.

Consider the offer amount as x.

Then, the value of x can be calculated as 7% of total cost of the item.

$\begin{gathered} \frac{7}{100}(500)=x \\ \frac{3500}{100}=x \\ x=35 \end{gathered}$

Thus, the money saved for this offer is $35.

Hence, option (C) is the correct answer.