Question

The price of a wallet is $31.95 and the sales tax is 7.5%. What is the total cost of the wallet? Enter your answer in the box.

Answer 1

The first guy is absolutely correct. I was asked this question on my 4.14 Unit Test ( math).

Explanation:

I just took the test and it said the answer was correct.

Answer 2

The total cost of the wallet = $34.35

Explanation:

Cost price of the wallet = $31.95

Sales tax on the price of the wallet = 7.5%

We need to find the total cost of the wallet.

Total cost of the wallet = Cost price of the wallet + sales tax

⇒ Total cost = 31.95 + 7.5% of 31.95

⇒ Total cost = 31.95 + 0.075 × 31.95

⇒ Total cost = 31.95 + 2.40

⇒ Total cost = $34.35

Hence, The total cost of the wallet = $34.35