Question

1. A coat at the Utopian Coat factory cost $99.99. The sales tax is 7%. Find the sales tax and the total cost of the jacket. (Round to the nearest cent).

Answer 1

The Solution:

Given that a coat costs $99.99 and the sales tax is $75.

We are required to find the actual sales tax and the total cost of the coat.

Step 1:

We shall find the sales tax.

`\begin{gathered} \text{ Cost of the coat=\$99.99} \\ \\ \text{Sales tax of 7\% }=(7)/(100)*99.99=0.07*99.99 \\ \\ =6.999\approx\text{ \$7.00 (or 700 cent)} \end{gathered}`

Thus, the sales tax is $7.00 or 700 cents.

Step 2:

We shall find the total cost of the coat.

The total cost of the coat is the sum of the coat's cost and the sales tax.

`\text{ The total cost=99.99+6.999=106.989}\approx\text{ \$106.99}`

Therefore, the correct answers are:

Sales tax =$7.00 or 700 cents.

Total cost = $106.99 or 10699 cents..99 or 10699 cents.