Question

A bicycle has a listed price of 837.95 before tax if the sales tax rate is 7.5% find the total cost of the bicycle with a sales tax include round your answer to the nearest cent as necessary

Answer 1

The total cost of a bicycle after the tax = $900.8

Explanation:

Answer 2

The total cost of a bicycle after the tax = $900.8

Explanation:

Given

• The cost of a bicycle before tax = 837.95 (let say in $)

• Sales tax = 7.5% = 0.075

To determine

The total cost of the bicycle with a sales tax include

The tax amount can be calculated by multiplying Sales tax i.e. 0.075 with the cost of bicycle before tax i.e. 837.95.

Thus,

Tax amount = 7.5% × 837.95

= 0.075 × 837.95

= $62.85

Thus, the tax amount is: $62.85

Total cost after the tax can be calculated by adding the Tax amount and the cost before tax.

Therefore,

The total cost of a bicycle after the tax = $62.85 + $837.95

= $900.8

Hence, the total cost of a bicycle after the tax = $900.8