Question

Question #26941

Answer 1

The total cost of the purchase plus tax is $36.94

tt's possible that the retailer will round that up to $36.95

Explanation:

2 magazines @ $  9.95 ea = $19.90
1 book . . . . . .@ $14.95 ea = $14.95
............................................................................
Cost of purchase . . . . . . . . . . .$34.85
Tax @ 6% . . . . . . . . . . . . . . . . .$   2.09
.................................................................................
Total of purchase + tax . . . . . .$36.94

How to find 6% (0.06) tax on a purchase of $34.85
Multiply
34.85
× 0.06
...................
0.2091
This result means $2.09 tax

~ ~ ~ ~ ~ ~

Check by estimating

2 magazines  @ $10 ea = $20
plus 1 book. . @ $15 ea = $15
..........................................................
Total est purchase . . . . . . . $35

Estimate the tax
1% tax = $0.35
So 6% tax is 6 × 0.35 = $2.10

Estimated total:
. . $35
+ $   2.10
. . $37.10

The actual answer of $36.94 is close to the estimate,
so it's probably correct.
..............................

Many retailers round the price UP no matter how small the thousandth decimal is.

In that case, the amount $36.941 would be rounded up by the merchant to $36.95