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olasank [31]
2 years ago
9

What is the total cost of a $95. 00 item with a sales tax of 6%?.

Business
1 answer:
serg [7]2 years ago
3 0

The item has total cost paid after sales tax is $100.7.

The total cost for an item is the selling price that is paid after the addition of tax. The tax is the percent amount paid on the item over the selling price.

<h3>Computation for the total cost of the item</h3>

The cost of the item, <em>c</em> = $95

The percent tax added to the sale is, <em>t</em>=6%

The amount of tax paid is given as:

\text{ Amount}=c\;\times\;\dfrac{t}{100}\\\\ \text {Amount}=95\;\times\;\dfrac{6}{100}\\\\ \text {Amount}=5.7

The amount of tax paid on the item is $5.7.

The total cost of the item is given as:

\rm Total \;cost=\textit c\;+\;tax\\\\Total\;cost=95\;+\;5.7\\\\Total\;cost=100.7

The total cost paid for the item after sales tax is $100.7.

Learn more about tax, here:

brainly.com/question/1362871

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Steven consumes only two goods, both of which are normal goods. He is currently maximizing his utility in consumption of both go
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Explanation:

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If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.

Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.

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3 years ago
How was Samsung able to go from a copycat brand to an innovation leader?
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HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every yea
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211,980 = A× 3.433080969

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