Question

Find the total cost for a meal that costs $65 with 3% tax.

Answer 1

Answer:

total cost =

65/100 X 103= $66.95

Answer 2

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