Question

Ice cream costs $1.99 per container. At a tax rate of 4.75%, estimate the final cost of the

ice cream.

Answer 1

The final cost of ice-cream container is: 2.09 dollars

Explanation:

In order to find the price of an item after adding tax the tax is found on the price of the item and then added to the cost.

Given

Price of ice cream container = $1.99

Tax Rate = 4.75%

The amount of tax t will be:

`t = 4.75\%\ of\ 1.99\\= 0.0475*1.99\\=0.094525`

Rounding off to nearest hundredth

t = 0.10

The final cost is given by:

`Final\ cost = Cost + tax\\= 1.99+0.10\\=2.09`

Hence,

The final cost of ice-cream container is: 2.09 dollars