Question

A bicycle has a listed price of 803.98 before tax. If the sales tax is 9.5%, fins the total cost of the bicycle with sales tax included. Round to the nearest cent its necessary.

Answer 1

The total cost with taxes included is given by

`803.98+803.98*(9.5)/(100)`

which is equal to

`803.98(1+(9.5)/(100))`

which gives

`\begin{gathered} 803.98(1+0.095) \\ 803.98(1.095) \end{gathered}`

then, we have $880.3581. By rounding to the nearest cent, the answer is $880.36