A bicycle has a listed price of \$803.95 before tax. If the sales tax rate is 7.75%, find the total cost of the bicycle with sales tax included.Round your answer to the nearest cent, as necessary.

Solution

A bicycle has a listed price of $803.95 before tax. If the sales tax rate is 7.75%, find the total cost of the bicycle with sales tax included.Round your answer to the nearest cent, as necessary.

Solution

Amount after tax : 866.256125

Solution steps

Translate the problem into an equation:

x = 803.95 + 0.0775 \cdot 803.95

x = 803.95 + 0.0775 \cdot 803.95 : x = 866.256125

Amount after tax : 866.256125

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