Question

Find the sales tax and total cost of a wireless mouse that costs $20.99. The tax rate is 4%. Round your answer to the nearest cent.

Answer 1

Answer:

Sales tax = $0.84

Total cost = $21.07

Explanations:

Cost Price = $20.99

Tax rate = 4% = 4/100 = 0.04

Sales tax = (Tax rate) x (cost Price)

Sales tax = 0.04 x 20.99

Sales tax = $0.8396

Sales tax = $0.84 (to the nearest cent)

Total cost = Cost price + sales tax

Total cost = $20.99 + $0.84

Total cost = $21.074

Total cost = $21.07 (to the nearest cent)