Question

A bicycle has a listed price of $563.95 before tax. If the sales tax rate is 8.75%, find the total cost of the bicycle with sales tax included.

Round your answer to the nearest cent, as necessary.

Answer 1

$613.30

Explanation:

8.75% = 0.0875

8.75% of $ 563.95 is $ 0.0875*563.95

$ 0.0875*563.95 is tax in dollars

the total cost = $ 563.95 + $ 0.0875*563.95 = $ 613.295 = $613.30