Question

Peter went to the store and spent $60. He had to pay 7% of taxes. What was the cost of his purchase including tax

Answer 1

The purchase, without taxes, had a cost of $60.

The sale taxes are 7%

To determine how much is the purchase with taxes, the first step is to determine how much is the 7% of $60. To do so, you have to multiply 60 by 7 and divide it by 100

`(60\cdot7)/(100)=4.2`

The 7% corresponds to $4.2

Next, you have to add the tax money to the original price to determine the cost of the purchase including taxes:

`60+4.2=64.2`

The total purchase including taxes is $64.2