Matt wants to buy a television. if he pays cash, he gets a discount of 7%. if he pays with a loan he has to pay an extra 10% in interest. the difference between the two methods is $49.98. find the cost of the television.

Cost of Television = $294

Step-by-step explanation:

7% discount means 7/100 = 0.07 LESS

So we need to multiply by 1 - 0.07 = 0.93

Also, 10% MORE, or extra, means 10/100 = 0.10 MORE

So we need to multiply by 1 + 0.10 = 1.1

Let cost of television be "c", so we can say:

The difference is 49.98. So we subtract lower value (0.93c) from larger value (1.10c) and equate to 49.98 and solve for c:

Cost of Television = $294

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720