What are two ways to find the total cost of a pair of shoes for $57 with a sales tax of 2%?
Here is one of the ways, first you are going to convert the 2% into a fraction.
2% = 0.02
Next we are going to multiply 0.02 * 57 = 1.14
Now we are going to add 1.14 to 57 to find the total cost with including the tax.
1.14 + 57 = 58.14
= $ 58.14
Answer:
The total cost is $58.14.
Step-by-step explanation:
Given : A pair of shoes for $57 with a sales tax of 2%.
To find : What are two ways to find the total cost ?
Solution :
Cost price CP=$57
Sales tax S=2%
One way :
The total cost is given by,
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The total cost is $58.14.
Another way :
Using selling price formula,
\(SP=\frac{100+S\%}{100}\times CP\)
\(SP=\frac{100+2}{100}\times 57\)
\(SP=1.02\times 57\)
\(SP=58.14\)
The total cost is $58.14.