40. A customer shows you their receipt and states he/she were overcharged. The customer’s receipt shows a license fee for $12.00, registration fee for $33.00, and a local tax rate of 8%. The customer was charged $50.33. How much money was the customer overcharged?
Question
- A customer shows you their receipt and states he/she were overcharged. The customer’s receipt shows a license fee for 33.00, and a local tax rate of 8%. The customer was charged $50.33. How much money was the customer overcharged?
Solution
Step 1: Add up the license fee and registration fee. 33.00 (registration fee) = $45.00
Step 2: Calculate the tax on this total. 8% of 3.60
Step 3: Add the tax to the total fees to get the total amount the customer should have been charged. 3.60 (tax) = $48.60
Step 4: Subtract this total from what the customer was actually charged to find out how much they were overcharged. 48.60 (should have been charged) = $1.73
So, the customer was overcharged by $1.73.
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