Question

a bicycle has a listed price of $821.95 before tax. if the sales tax rate is 6.5%, find the total cost of the bicycle with sales tax included. Round tour answer to the nearest cent as necessary.​

Answer 1

$875.39

Explanation:

1) Divide the tax rate (6.500%) by 100 to get a decimal rate of 0.06500.

2) Multiply the purchase price ($821.95) by the 0.06500 to get a sales tax amount of $53.43.

3) Add the $53.43 sales tax to the $821.95 price to get a total of $875.38.

4) Round $875.38