Question

A bicycle has a listed price of $538.98 before tax if sells tax rate is 6.25% from the total cost of the bicycle sales tax included around your answer to the nearest cent as necessary

Answer 1

To find the total cost of a bicycle including a 6.25% sales tax, convert the tax rate to decimal, multiply it by the price of the bicycle, and add it to the original price to get the total.

Step-by-step explanation:

To calculate the total cost of the bicycle including sales tax, you first convert the tax rate to a decimal form. Since the tax rate is 6.25%, you convert it by dividing by 100, resulting in 0.0625. Next, calculate the amount of sales tax by multiplying the decimal tax rate by the price of the bicycle. So, the sales tax would be $538.98 × 0.0625 = $33.69. The final step is to add the sales tax to the original price to find the total cost which would be $538.98 + $33.69 = $572.67, rounded to the nearest cent.