Question

A bicycle has a listed price of $842.98 before tax. If the sales tax rate is 7.25%, find the total cost of the bicycle with sales tax included. Round your answer to the nearest cent, as necessary.

Answer 1

$842.98 * 107.25/100 = $904.10

107.25% = 107.25/100

Explanation:

The price is at 842.98 before adding the taxes of 7.25%

if that is the price then it represents 100% of the price. By adding the sales taxes the full price after taxes will be at 100%+7.25% = 107.25 % of the previous price.

The price after sales taxes will be at

$842.98 * 107.25/100 = $904.10