Question

Daniel purchases a new fishing rod for $49.95. The sales tax on his purchase is 8%. Including tax, what is the cost of the fishing rod to the nearest dollar? A) $50

B) $54
C) $58
D) $63

Answer 1

The answer is B) $54

Answer 2

Cost of the fishing rod is $54 .

Option (B) is correct .

Explanation:

As given

Daniel purchases a new fishing rod for $49.95.

The sales tax on his purchase is 8%.

8% is written in the decimal form .

`= (8)/(100)`

= 0.08

Sale tax price = 0.08 × Cost of fishing rod

= 0.08 × 49.95

= $ 3.996

Total cost of fishing rod = Cost of fishing rod + Sales tax price

= $49.95 + $ 3.996

= $53.946

= $ 54 (Approx)

Therefore cost of the fishing rod is $54 .

Option (B) is correct .