Max bought a pair of shorts on sale for 20% off the original price of $60 and another 25% off the discounted price. if sales tax is 10.5% what is the final price of the shorts with all discounts and taxes? round your answer to the nearest cent.

$ 102.77

Step-by-step explanation:

Given,

The original price of each pair of shorts = $ 60,

Discount percentage in first short = 20%,

So, the amount of discount = 20% of 60 = = $ 12,

Thus, the cost of first shorts after discount = original price - discount

= 60 - 12

= $ 48,

Discount percentage in second short = 25%,

So, the amount of discount = 25% of 60 = = = $ 15,

Thus, the cost of second shorts after discount = 60 - 15 = $ 45

∴ Total price of these shorts = 48 + 45 = $ 93

Now, the tax percentage = 10.5%

⇒ Amount of tax = 10.5% of total price = 10.5% of 93

= $ 9.765

Hence, the final cost of the shorts = total cost + tax

= 93 + 9.765

= $ 102.765

≈ $ 102.77