The final price after all percentages are taken off and taxes are added up is known as the Total price. The correct answer is option B.
What is the total price?
The final price after all percentages are taken off and taxes are added up is known as the Total price.
Let us understand the total price with an example, the cost price of the TV is $1000 without any taxes. The sales tax is 10% levied on the product and custom duty is 20%.
The total price of the product will be calculated as:-
Sales tax = 1000 x ( 10 / 100 ) = $100
Custom duty = 1000 x ( 20 / 100 ) = $200
The total cost will be calculated as:-
Total cost = 1000 + 100 + 200
Total cost = $1300
Therefore, the correct option is B.
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