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

User Sabino
by
6.4k points

1 Answer

2 votes

Answer:

$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

User Andy Clarke
by
7.3k points