Question

Gina is shopping for a new bicycle. The price of the bicycle is $300 and there is a 8% sales tax. Gina wants to know the total price of the bicycle including sales tax.

Answer 1

Answer:

Sales amount = $ 300.08

Step-by-step explanation:

Sale amount = selling price + sales tax

Here selling price = $300

sales tax = 8 %

sale amount = 300 + 8%

           = 300 + $\frac{8}{100}$

            =( 300 ×100 + 8 )÷100

          = (30000 + 8 ) ÷ 100

           = 30008 ÷ 100

            =$ 300.08

Sales amount = $ 300.08

Answer 2

Answer:

The total price of the bicycle including sales tax is $324

Step-by-step explanation:

The price of a bicycle = $300

Rate of sales tax = 8%

Amount of tax = $8\% \times 300$

                       =$\frac{8}{100} \times 300$

                       = $8 \times 3$

                       = 24

Cost of bicycle including tax= Price of cycle + Amount of tax = 300+24=324

So, total price of bicycle = $324

Hence the total price of the bicycle including sales tax is $324