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.)

2 Answers
May 8, 2018

$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)

May 8, 2018

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#