Question

A music store charges $18.50 for a CD plus a 0.5% city tax and a separate 4% state tax. a. How much will you pay for the CD

Answer 1

we pay for the CD is $19.33

Step-by-step explanation:

given data

CD charge = $18.50

city tax = 0.5%

state tax = 4%

solution

we pay for the CD with combine of all charge as

Price of CD = charges + city tax + state tax .......................1

put here value we get, Price of CD that is

Price of CD = $18.5 + ( 0.5% ×$18.50 ) + ( 4% ×$18.50 )

Price of CD = $18.5 + $0.0925 + $0.74

Price of CD = $19.3325

so we pay for the CD is $19.33