Question

PLEASE HELP I REALLY NEED HELP!!!!!!!!!!!!!!!!!!!!!

In May, 2018 a store had a furniture with a listed price of $550, having a sales tax of 3% on the listed price. Next month the price increased by 33 1/3%. What sales tax should be paid in dollars on the new price?

Answer 1

$22.00 will be paid in taxes on the new amount

Explanation:

550 x .3333 = 183.315 (round up to 183.32)

550 + 183.32 = 733.32 is the new price for the furniture

733.32 x .03 = 21.9996 (round up to 22.00)