Question

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

Answer 1

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.

Computation for the total cost of the item

The cost of the item, c = $95

The percent tax added to the sale is, t=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:

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