Question

Eva purchases a bicycle costing $150.95. State taxes are 5.5% and local sales taxes are 2.4%. The store charges $30 for assembly. What is the total purchase price? (Round your answer to the nearest cent if necessary)

Answer 1

total purchase price = $192.87

Explanation:

price of bicycle = $150.95

state tax = 5.5%

5.5% of 150.95 = 150.95 * 5.5/100

= $8.30

local sales tax = 2.4%

2.4% of 150.95 = 150.95 * 2.4/100

= $3.62

store charges = $30

total purchase price = $150.95 + $8.30 + $3.62 + $30

= $192.87