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The sales tax rate is 5%5\%. If Terrence buys a gold necklace priced at $92\$92, what will be the total cost including tax? \newline$\$____\_\_\_\_

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Percents - calculate tax, tip, mark-up, and moreright chevron icon

Full solution

Q. The sales tax rate is 5%5\%. If Terrence buys a gold necklace priced at $92\$92, what will be the total cost including tax? \newline$\$____\_\_\_\_
  1. Calculate Sales Tax: Calculate the sales tax amount by multiplying the price of the necklace by the sales tax rate.\newlineCalculation: $92×0.05=$4.60\$92 \times 0.05 = \$4.60
  2. Add to Original Price: Add the sales tax to the original price to find the total cost.\newlineCalculation: $92\$92 + $4.60\$4.60 = $96.60\$96.60

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