Question

5. You purchase a bicycle with a retail (pre-tax) price of $760. The local sales tax rate is

7.6%. What is the final cost?

Answer 1

Final cost is 817.76

Explanation:

First find the amount of the tax

760 * 7.6%

760 * .076

75.76

Add this to the cost of the bike

760+57.76

817.76