Question

If the sales tax is six 3/4% what is the total cost of a $76.01 item

Answer 1

the total cost of a $76.01 item is $81.14 .

Step-by-step explanation:

Here we have ,  sales tax is six 3/4% . We need to find that what is the total cost of a $76.01 item .Let's find out:

Sales tax is actually the extra money we need to give apart from actual cost of item which is given to government or concerned authority .

Tax is 6(3/4)% of cost price i.e.

$Tax = \frac{cost-price(6\frac{3}{4})}{100}$

⇒ $Tax = \frac{cost-price(6\frac{3}{4})}{100}$

⇒ $Tax = \frac{(76.01)(6.75)}{100}$

⇒ $Tax = \frac{513.06}{100}$

⇒ $Tax = 5.13$

So, total cost = $76.01 + $5.13

total cost = $81.14

Therefore, the total cost of a $76.01 item is $81.14 .