Question

If the sales tax rate is 8.375% in New York City, then how much would you pay for a pair of shoes in Manhattan that cost $125.00? (Round your answer to the nearest cent.)

Answer 1

$135.47

Explanation:

Selling price
= Price of shoes + tax
=`$125 xx (100+8.375)/100` (this is equals to `$125+ $125 xx 8.375/100`)
=`$135.47`(nearest cent)

Answer 2

You'd pay `$135.47`.

Explanation:

Given:

Shoes cost `$125`.
Tax rate is `8.375%`, which is equivalent to `0.08375`.

Multiply the tax rate by the cost of the shoes to find the amount of tax you'd pay:

`$125(0.08375) = $10.47`

Then, add tax to the cost of the shoes.

`$125 + $10.47 = $135.47`