Final answer:
To calculate the total cost of a bicycle priced at $736.99 with an 8.75% sales tax, convert the tax rate to a decimal and multiply by the price. The sales tax amounts to $64.49 after rounding, resulting in a total cost of $801.48.
Step-by-step explanation:
The total cost of a bicycle with a listed price of $736.99 before tax can be calculated by adding the sales tax to the original price. To calculate the sales tax, we first need to convert the tax rate from a percentage to a decimal by dividing by 100. Since the sales tax rate is 8.75%, we convert it to a decimal by dividing 8.75 by 100, which is 0.0875. Then we multiply the original price by the decimal sales tax rate.
So, the sales tax amount is $736.99 × 0.0875 = $64.487125. Rounding this to the nearest cent gives us $64.49. Finally, to find the total cost of the bicycle, we add the sales tax to the original price: $736.99 + $64.49 = $801.48.
Therefore, the total cost of the bicycle with tax is $801.48, rounded to the nearest cent as necessary.