Answer:
$69.88
Step-by-step explanation:
Firstly, divide the tax rate by 100: 3%/100 = 0.0003 (tax rate as a decimal). Note: to easily divide by 100, just move the decimal point two spaces to the left.
Now, find the tax value by multiplying tax rate by the before tax price:
tax = 65 × 0.0003
tax = 4.88 (tax value rouded to 2 decimals)
Add tax to the before tax price to get the final price:
The final price including tax = 65 + 4.88 = 69.88
