Question

18.You've just placed an order for a set of tools for a new employee. The cost of the tools is $185.95. If you must pay 4% sales tax on the purchase, how much will you pay for the tools? (Round your answer to two decimal places. Note: This question requires two calculations.)

Answer 1

Amount pay for tool = $193.39 (Approx)

Explanation:

Given:

Cost of the tools = $185.95

Sales tax = 4%

Find:

Amount pay for tool

Computation:

Amount pay for tool = Cost of the tools[1+Sales tax]

Amount pay for tool = $185.95[1+4%]

Amount pay for tool = $193.39 (Approx)