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A bicycle has a listed price of 803.98 before tax. If the sales tax is 9.5%, fins the total cost of the bicycle with sales tax included. Round to the nearest cent its necessary.

1 Answer

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The total cost with taxes included is given by


803.98+803.98*(9.5)/(100)

which is equal to


803.98(1+(9.5)/(100))

which gives


\begin{gathered} 803.98(1+0.095) \\ 803.98(1.095) \end{gathered}

then, we have $880.3581. By rounding to the nearest cent, the answer is $880.36

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