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.)

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Answer 1 · 2018-05-08T16:41:49

$135.47

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 · 2018-05-08T16:44:29

You'd pay #$135.47#.

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#