A bicycle has a listed price of $599.95 before tax. If the sales tax rate is 9.75%, how do you find the total cost of the bicycle with sales tax included?

1 Answer
Jan 13, 2017

Answer:

See the full explanation for how to solve this problem below.

Explanation:

We can write an equation for the total cost of the bicycle as:

#C = p + (t xx p)#

Where:

#C# is the total cost we are trying to calculate.
#p# is the list price - $599.95
#t# is the tax rate - 9.75%. "Percent" or "%" means "out of 100" or "per 100", Therefore 9.75% can be written as #9.75x/100#.

Substituting and solving for #C# gives:

#C = $599.95 + (9.75/100 xx $599.95)#

#C = $599.95 + (($5849.5125)/100)#

#C = $599.95 + $58.50#

#C = 658.45#