Question

Find the total amount given the original price and tax rate. Round to the nearest cent if necessary.

$15.25,7%

Answer 1

Given:

Original price = $15.25

Tax rate = 7%

To find:

The total amount.

Solution:

We know that,

Total amount = Original price + Tax

According to the question,

Total amount = 15.25 + 7% of 15.25

`\text{Total amount}=15.25+(7)/(100)* 15.25`

`\text{Total amount}=15.25+1.0675`

`\text{Total amount}=16.3175`

Round to the nearest cent (two decimal places).

`\text{Total amount}\approx 16.32`

Therefore, the total value is $16.32.