Question

A bicycle has a listed price of $519.99 before tax. If the sales tax rate is 7.75%, find the total cost of the bicycle with sales tax included

Answer 1

Answer:

$560.29

Step-by-step explanation:

To find the total price, first, find out how much of $519.99 is 7.75%

To do this convert %7.75 into a decimal [divide by 100]

7.75% = 0.0775

Now multiply 0.0775 by $519.99

519.99 x 0.0775 = 40.299225

Since 40.299225 is an amount of money, round it to the nearest hundreth in cents.

40.299225 = 40.30

Now add the sales tax and original price.

$40.30 + $519.99 = 560.29

So, the cost of the bicycle after sales tax is $560.29