Question

A hardware store is selling a ratchet set for $22.00. If there is a sales tax of 7 percent, what is the actual cost of the ratchet set?

Answer 1

To find the actual cost of the ratchet set, multiply the original price by the tax rate and add it to the original price.

Step-by-step explanation:

To find the actual cost of the ratchet set, we need to calculate the sales tax and add it to the original price. Sales tax is calculated by multiplying the original price by the tax rate of 7 percent. Then, we add this amount to the original price to get the total cost.

Let's calculate it step by step:

1. Calculate the sales tax: Sales tax = 7% of $22.00 = $1.54
2. Add the sales tax to the original price: Total cost = $22.00 + $1.54 = $23.54

Therefore, the actual cost of the ratchet set with the 7 percent sales tax is $23.54.

Answer 2

23.54 because 7% of 22 is 1.54 so 22 + 1.54 is 23.54