Question

What is the total cost for an item that costs $140.00 and has a sales tax rate of 7.5%

Answer 1

$150.5

Explanation:

CP of an item = $140

sales tax rate = 7.5%

sales tax amount = sales tax rate of CP

=7.5% of CP

= 7.5/100 * $140

=$1050/100

=$10.5

total cost with tax = CP + tax rate

=$140 + $10.5

=$150.5