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What is the tax amount (nearest penny) on Elmer's tennis racket priced at $69.35 with a 5.3% sales tax rate? What is Elmer's total cost, including tax (nearest penny)?

1 Answer

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Final answer:

To find the tax amount on Elmer's tennis racket priced at %69.35 with a 5.3% sales tax rate, multiply the price by the sales tax rate. Rounding to the nearest penny, the tax amount is %3.67. To find Elmer's total cost, including tax, add the original price to the tax amount.

Step-by-step explanation:

To find the tax amount on Elmer's tennis racket, you need to multiply the price of the racket by the sales tax rate. In this case, the racket is priced at $69.35 and the sales tax rate is 5.3%.

First, convert the sales tax rate to a decimal by dividing it by 100. 5.3% becomes 0.053.

Next, multiply the price of the racket by the sales tax rate (in decimal form): $69.35 * 0.053 = $3.67255.

Rounding to the nearest penny, the tax amount on Elmer's tennis racket is $3.67.

To find Elmer's total cost, including tax, you need to add the original price of the racket to the tax amount: $69.35 + $3.67 = $73.02.

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