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This tool determines the final price after subtracting a fixed amount. Input the original price, the discount, and whether sales tax applies.
Fixed amount discounts reduce the price by a specific dollar amount. Here’s the calculation:
Discounted Price = Original Price – Discount
With Sales Tax:
Final Price = Discounted Price + (Discounted Price * Sales Tax Rate)
Example:
A $100 item with a $20 fixed discount costs $80. If the sales tax is 6%, the final price is $84.80 ($80 + ($80 * 0.06)).