Respuesta :
The question is find the total cost when the price is $89.75 and the tax is 7 1/4%
Total cost = price + tax
Tax = 7 1/4 % of price
Tax rate = [7 + 1/4] = 7.25 %
Tax = 7.25 % * price = 7.25 % * $89.75 = $[7.25/100] * 89.75 = $6.51
Total cost = $89.75 + $ 6.51 = $96.26
Total cost = price + tax
Tax = 7 1/4 % of price
Tax rate = [7 + 1/4] = 7.25 %
Tax = 7.25 % * price = 7.25 % * $89.75 = $[7.25/100] * 89.75 = $6.51
Total cost = $89.75 + $ 6.51 = $96.26
For this case, the first thing we must do is find the amount of taxes.
For this, we make the following rule of three:
89.75 ----------------------> 100%
x ----------------------------> 7 1/4%
From here, we clear the value of x.
We have then:
[tex] x = (\frac{7\frac{1}{4}}{100}) * (89.75) x = 6.51[/tex]
Then, the total cost is given by:
[tex] Total Cost = price + taxes[/tex]
Substituting values:
[tex] Total Cost = 89.75 + 6.51 Total Cost = 96.26[/tex]
Answer:
The total cost is equal to 96.26 $.