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2 years ago

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A pair of shoes costs $29.99 and the state sales tax is 5%. Use the formula C = p + rp to find the total cost of the shoes, wher

e C is the total cost, p is the price, and r is the sales tax rate.

1 answer:

Lemur [1.5K]2 years ago

6 0

29.99 + .05 × 29.99 = 31.49

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$\bold{\huge{\orange{\underline{ Solution }}}}$

$\bold{\underline{ Given :- }}$

<u>Jan </u><u>purchased </u><u>1</u><u>4</u><u>0</u><u> </u><u>shares </u><u>of </u><u>stock </u><u>in </u><u>ABC </u><u>company </u><u>at </u><u>a </u><u>price </u><u>of </u><u>$</u><u>1</u><u>8</u><u>.</u><u>7</u><u>5</u><u> </u><u>per </u><u>share </u>
<u>During </u><u>the </u><u>next </u><u>3</u><u> </u><u>days</u><u>, </u><u> </u><u>the </u><u>value </u><u>of </u><u>share </u><u>declined </u><u>by </u><u>$</u><u>1</u><u>.</u><u>0</u><u>0</u><u> </u><u>,</u><u> </u><u>$</u><u>1</u><u>.</u><u>7</u><u>5</u><u> </u><u>and </u><u>$</u><u>1</u><u>.</u><u>5</u><u>0</u>

$\bold{\underline{ To \: Find :- }}$

<u>We </u><u>have </u><u>to </u><u>find </u><u>the </u><u>value </u><u>of </u><u>a </u><u>share </u><u>of </u><u>ABC </u><u>stock </u><u>at </u><u>the </u><u>end </u><u>of </u><u>3</u><u> </u><u>days </u>

$\bold{\underline{ Let's \: Begin :- }}$

<u>According </u><u>to </u><u>the </u><u>question</u><u>, </u>

Cost of 1 share of ABC company = $18.75

<u>Therefore</u><u>, </u>

Cost of 140 shares purchased by Jan in the ABC company

$\sf{ = 140 × 18.75 }$

$\sf{ = 2625\: dollars }$

<u>Now</u><u>, </u>

For next 3 days, the value of share declined

$\sf{ = (1 + 1.75 + 1.50)dollars }$

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<u>Therefore</u><u>, </u>

The value of shares after 3 days will be

$\bold{ = }{\bold{\frac{2625 - 4.25}{ 140}}}$

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