If you are buying at item at a store for a price of $42, and there is a 5.6% tax added on top, what would be the total amount due at the register, to the nearest cent?Answer:
Q. If you are buying at item at a store for a price of $42, and there is a 5.6% tax added on top, what would be the total amount due at the register, to the nearest cent?Answer:
Calculate Sales Tax: Calculate the amount of sales tax by multiplying the price of the item by the sales tax rate.Sales tax amount = Price of item × Sales tax rateSales tax amount = $42×5.6%
Convert to Decimal: Convert the sales tax rate from a percentage to a decimal to perform the multiplication.5.6%=0.056Sales tax amount = $42×0.056
Perform Multiplication: Perform the multiplication to find the sales tax amount.Sales tax amount = $42×0.056Sales tax amount = $2.352
Round Amount: Round the sales tax amount to the nearest cent.Rounded sales tax amount = $2.35
Add to Original Price: Add the rounded sales tax amount to the original price of the item to find the total amount due.Total amount due = Price of item + Rounded sales tax amountTotal amount due = $42 + $2.35
Find Total Amount Due: Perform the addition to find the total amount due.Total amount due = $42+$2.35Total amount due = $44.35