Question

A bicycle has a listed price of $807.98 before tax. If the sales tax rate is 6.75%, find the total cost of the bicycle with sales tax included.
Round your answer to the nearest cent, as necessary.

Answer 1

$862.52 or $863 (rounded)
To get tax, you turn 6.75 percent into 0.0675 and multiply that by 807.98 The product is 54.54 when rounded and you then add that to 807.98 and your product (price+tax) is $862.52

Hope this helps