Question

Find the selling price of a 17,100 truck with a 5% sale tax. round to the nearest cent when necessary

Answer 1

Step 1:

Find the sale tax

`\begin{gathered} \text{Sale tax = 5\% of \$17100} \\ =\text{ }(5)/(100)\text{ }*\text{ 17100} \\ =\text{ 5 }*\text{ 171} \\ =\text{ \$855} \end{gathered}`

Step 2:

Salling price = Cost price + Sale tax

= $17100 + $855

= $17,955