Question

A ticket to a play costs $50. there is a 5% transaction fee. what is the total cost of the ticket

Answer 1

Answer: $52.50

Explanation:

To find the total cost, we must add the extra 5% to the base price of $50. To find the 5%, we take 5% of 50. An easy way to do this is to take 10%, or 5, then divide by 2. This leaves us with 2.5, or $2.50, leading to a total cost of $52.50.

Answer 2

$52.50

Explanation:

To find the total cost, we need 105% of $50. Multiply;

$50 × 1.05 = $52.50

The total cost is $52.50