$85.99 with a 7.5% sales tax, what is the new price?
The new price is $92.44
The formula for the Total Price is:
We can write the question for what is the tax as:
What is 7.5% of $85.99?
"Percent" or "%" means "out of 100" or "per 100", Therefore 7.5% can be written as
When dealing with percents the word "of" means "times" or "to multiply".
Finally, we are looking for
Putting this altogether we can write this equation and solve for
Now we can substitute this into the equation above and find the New Price: