Question

Jerseys cost $45. The tax rate is 6.75%. What will Ladd spend on the jersey?

A) $47.25
B) $48.00
C) $50.00
D) $42.25

Answer 1

Ladd will spend approximately $48.00 on the jersey after adding the 6.75% sales tax to the original price of $45.

Step-by-step explanation:

To calculate the total amount Ladd will spend on the jersey, including tax, you first need to find the amount of sales tax. Since the tax rate is 6.75%, you need to convert this percentage to a decimal by dividing by 100, which gives you 0.0675. Then, multiply the price of the jersey, $45, by the tax rate in decimal form to get the sales tax.

Calculating the sales tax:
0.0675 × $45 = $3.0375

You need to round this amount to the nearest penny, so the sales tax is $3.04. Finally, add the original price of the jersey to the sales tax to get the total cost.

Adding the sales tax to the original price:
$45 + $3.04 = $48.04

Since store prices are typically rounded to the nearest cent, Ladd will spend approximately $48.00 on the jersey.