Question

The sales tax in your city is 8.8\%8.8%8, point, 8, percent, and an item costs \$63$63dollar sign, 63 before tax.

Answer 1

Convert the tax rate from a percent to a decimal number by moving the decimal point 2 places to the left.

8.8% = 0.088

Now multiply the price of the item by the tax rate:

63 x 0.088 = 5.544

Now round that to the nearest cent = $5.54