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Find the total cost to the nearest cent $28 shirts,7% tax

User AbaEesa
by
6.0k points

1 Answer

5 votes

Answer:

$29.96

Explanation:

You want the total cost of $28 for shirts, with a 7% tax added.

Tax

The tax amount is the product of the sale value and the tax rate:

tax = $28 × 0.07 = $1.96

Total cost

The total cost is the sum of the sale value and the tax:

total cost = $28 + 1.96

total cost = $29.96

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Additional comment

The math can be simplified to the product ...

total cost = (sale value) × (1 +tax rate) = $28 × 1.07 = $29.96

User Ravi Vyas
by
6.5k points