Question

A textbook costs $65.49 before tax. The tax on the textbook is 6.5%. What is the total cost of the textbook? Round your answer to the nearest cent.

Answer 1

Answer: $69.75.

Explanation:

Given: Cost of textbook before tax=$65.49

The tax on the textbook = 6.5%

∴ The tax amount = 6.5% of $65.49

`=(65)/(1000)*65.49=4.25685\approx4.26`

⇒The tax amount = $4.26

The total cost of the textbook=Cost of textbook before tax+tax amount

=$65.49+$4.26

=$69.75

∴ The total cost of the textbook is $69.75.