A bicycle has a listed price of $660.95 before tax. If the sales tax rate is 7.25%, find the total cost of the bicycle with sales tax included.
Round your answer to the nearest cent, as necessary

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Answer:

  $708.87

Step-by-step explanation:

The price with tax included is ...

  660.95 + 0.0725×660.95 = 660.95(1 +0.0725) = 708.87

The total cost of the bicycle with tax is $708.87.

Hi1315

Answer:

$ 708.87

Step-by-step explanation:

Think that, a bicycle has listed price of $ 100,

Listed price              Tax rate            Total cost of the bicycle with sales tax

$ 100                           7.25                       107.25

$ 660.95                                                     x

Let the Total price of the bicycle be x

Now you can create a equation like this,

[tex]\frac{100}{660.95}=\frac{107.25}{x}[/tex]

Use cross multiplication, and find out the total cost of the bicycle with sales tax.

[tex]100x=660.95*107.25[/tex]

[tex]100x=70886.8875[/tex]

[tex]\frac{100x}{100} =\frac{70886.8875}{100} \\[/tex]

[tex]x=708.8688[/tex]

Therefore, the total cost of the bicycle with sales tax is,

≈ $ 708.87

Hope this helps you.

Let me know if you have any other questions :-)