Question

A bicycle has a listed price of $544.98 before tax. If the sales tax rate is 9.75%, find the total cost of the bicycle with sales tax included.

Round your answer to the nearest cent, as necessary.

Answer 1

$598.12.

Explanation:

First you need to make the percent into a decimal and multiply it by the price without tax: 0.0975 · 544.98, which equals 53.136 when rounded to the nearest thousandth. This means that 53.136 is 9.75% of 544.98. Then you just need to add 53.136, or 53.14 when rounded, to 544.98. This gives you $598.12.