Question

An article retails for $37.50. The city sales tax is 6%, and the federal excise tax is 8%. How much does the article cost altogether?

Answer 1

Hey:-)

Let the cost of article be x
37.50=x+0.06x+0.08x
Solve for x
X=32.9

Hope it helps

Answer 2

Total cost of the article altogether is $42.75 .

Explanation:

As given

An article retails for $37.50.

The city sales tax is 6%, and the federal excise tax is 8%.

6% is written in the decimal form

`= (6)/(100)`

= 0.06

Price of city sales tax = 0.06 × Article cost

= 0.06 × 37.50

= $ 2.25

8% is written in the decimal form

`= (8)/(100)`

= 0.08

Price of federal excise tax = 0.08 × Article cost

= 0.08 × 37.50

= $ 3

Thus

Total cost of the article altogether = Article cost + Price of city sales tax + Price of federal excise tax

Putting all the values in the above

= $ 37.50 + $2.25 + $3

= $ 42.75

Therefore the total cost of the article altogether is $42.75 .