What is the cost of an item with $17.50 with a 7% sales tax?

Mara Boyd

Mara Boyd

Answered question

2023-01-20

What is the cost of an item with $17.50 with a 7% sales tax?

Answer & Explanation

bagosiwp2

bagosiwp2

Beginner2023-01-21Added 16 answers

We can formulate a formula for this issue as follows:
t=c+(sc)
Where:
t is the total cost of an item after tax is added on. What this problem is trying to solve.
c is the original cost of the item before taxes: $17.50 for this problem.
s is the sales tax rate: 7% for this problem. "Percent" or "%" means "out of 100" or "per 100", Therefore 7% can be written as 7100.
Calculating t and substituting results in:
t=$17.50+(7100$17.50)
t=$17.50+($122.50100)
t=$17.50+$1.23 rounded to the nearest penny*
t=$18.73
The item's complete, final cost would be $18.73.

Do you have a similar question?

Recalculate according to your conditions!

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?