# Question #26941

Nov 8, 2017

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
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Cost of purchase . . . . . . . . . . .$34.85 Tax @ 6% . . . . . . . . . . . . . . . . .$   2.09
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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.
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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