You have a 10% off coupon for the paper towels that are 6.99. The tax rate is 8%. Find the discount amount and tax amount

Answer:The tax amount = $0.5592The discount amount = $0.755Step-by-step explanation:Here, the Marked Price  of the paper towels  = $6.99Now, the tax on the marked price = 8%Calculating the tax amount on Marked price, we get:8% of 7.99   =  [tex]\frac{8}{100}  \times 6.99  =  0.5592[/tex]So, the tax amount = $0.5592Now, the Selling Price =  Marked Price+ Tax =  $6.99 + $ 0.5592   =  $7.5492⇒Selling Price  =   $7.5492Calculating the discount amount on Selling price, we get:10% of $7.5492   =  [tex]\frac{10}{100}  \times 7.5492  =  0.75492[/tex]So, the discount amount on selling price = $0.755