Question

A gold and diamond bracelet sells for $1600. Find the sales tax and the total price if the sales tax rate is 5.5%The sales tax is $ ..? The total price is $…?

Answer 1

Given:

A gold and diamond bracelet sells for $1600.

tax rate is 5.5 %

The sales tax is calculated as,

`\begin{gathered} \text{ Sales tax = 5.5\% }*1600 \\ =(5.5)/(100)*1600 \\ =88 \end{gathered}`

Now to find the total price,

`\begin{gathered} \text{Total price= bracelet price+sales tax} \\ =1600+88 \\ =1688 \end{gathered}`

Answer:

The sales tax is $ 88

The total price is $ 1688.