Question

Bicycle has a listed price of $713.95 before tax. If the sales tax rate is 7.5%, find the total cost of the bicycle with sales tax included.

Round your answer to the nearest cent, as necessary.

Answer 1

$767.50

Explanation:

Before Tax Price: $713.95

Sale Tax: 7.50% or $53.55

After Tax Price: $767.50

First multiply this:

$713.95 x 7.50 = $53.35

Then you add what you got after you multiply the sales tax:

$713.95 + $53.35 = $767.50

Answer 2

7.5/713.95\100=$53.55, 53.55+713.95=$767.50 the cost of the bicycle with tax included is $767.50