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23 January, 04:28

Margie has a $50.00 budget to purchase $45.00 pair of boots. If there is an 8% sales tax rate then how much under budget will Maggie be?

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  1. 23 January, 04:48
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    She will be $1.40 under budget.

    8% = 8/100 = 0.08

    Adding this to 100% of the price of the shoes, we get 108% = 108/100 = 1.08.

    We multiply the price of the shoes by this:

    45*1.08 = 48.60

    Subtract this from 50:

    50 - 48.60 = 1.40
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