Question

If you are buying at item at a store for a price of $45, and there is a 8.8% tax added on top, what would be the total amount due at the register, to the nearest cent?

Answer 1

$48.96

Explanation:

Convert percent to decimal:

8.8%=8.8/100=0.088

Percent formula:

a(1+r)

45(1+0.088)

45(1.088)

48.96

Total Amount Paid:

48.96