Question

A bicycle has a listed price of $660.95 before tax. If the sales tax rate is 7.25%, find the total cost of the bicycle with sales tax included.
Round your answer to the nearest cent, as necessary

Answer 1

9514 1404 393

Answer:

  $708.87

Step-by-step explanation:

The price with tax included is ...

  660.95 + 0.0725×660.95 = 660.95(1 +0.0725) = 708.87

The total cost of the bicycle with tax is $708.87.

Answer 2

Answer:

$ 708.87

Step-by-step explanation:

Think that, a bicycle has listed price of $ 100,

Listed price              Tax rate            Total cost of the bicycle with sales tax

$ 100                           7.25                       107.25

$ 660.95                                                     x

Let the Total price of the bicycle be x

Now you can create a equation like this,

$\frac{100}{660.95}=\frac{107.25}{x}$

Use cross multiplication, and find out the total cost of the bicycle with sales tax.

$100x=660.95*107.25$

$100x=70886.8875$

$\frac{100x}{100} =\frac{70886.8875}{100}$

$x=708.8688$

Therefore, the total cost of the bicycle with sales tax is,

≈ $ 708.87

Hope this helps you.

Let me know if you have any other questions :-)