yeisakura123 yeisakura123
  • 14-05-2020
  • Mathematics
contestada

A bicycle shop is selling $500.00 bikes. If the sales tax is 7%, what will the final cost of the bike be?

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abidemiokin
abidemiokin abidemiokin
  • 20-05-2020

Answer:

The final cost of bike = $535.00

Step-by-step explanation:

Cost of bikes =  $500.00

If the sales tax is 7%, the amount paid as tax will be 7% of the total selling price of bike;

7% of $500.00

= [tex]\frac{7}{100} * 500\\[/tex]

= $35

The final cost of bike = initial selling price + amount paid as tax

The final cost of bike  = $500.00 + $35.00

The final cost of bike = $535.00

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