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1) T-shirt,$19.95   tax rate,5%2)refrigerator,$499   tax...

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maganda12 | eNoter

Posted October 23, 2008 at 5:03 PM via web

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1) T-shirt,$19.95   tax rate,5%

2)refrigerator,$499   tax rate,6%

3)motorcycle,$3,500   tax rate,5.5%

there are 3 questions.

please help me find the total cost of each of the following items.

4 Answers | Add Yours

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lit24 | College Teacher | Valedictorian

Posted October 24, 2008 at 12:10 AM (Answer #1)

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1. 5% of 19.95 =  5/100 X 19.95 = .9975

therefore total cost = 19.95+.9975 = $20.9475

2. 6% of 499 =  6/100 X 499 = 29.94

therefore total cost =  499 + 29.94 =  $528.94

3. 5.5% of 3500 = 5.5/100 X 3500 = 192.5

therefore total cost =  $3692.5

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cburr | Middle School Teacher | (Level 2) Associate Educator

Posted October 26, 2008 at 10:30 AM (Answer #2)

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It might help you to know that a percent is the same number starting in the one-hundredths decimal column.  So, 5% is .05 and 5.5% is .055.  To find what 5% of something is, multiply it by .05

Also, when you have a money problem involving tax, you will need to do three steps. 

FIRST, figure out what the tax is.  This involves multiplying the price by the percent.  For example, in the first problem it's

$19.95 x .05 = $.9975

SECOND, round the tax to the nearest money amount. Since money is only two decimal places, round to the nearest 100th.  In this case the 5 rounds up the 7 to an 8, and then the 8 rounds up the 9 to 10 and the other 9 also goes to 10.  So, the $.9975 rounds up to $1.00.

THIRD, add the amount of the tax to the price.  

$19.95 + $1.00 = $20.95

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revolution | College Teacher | Valedictorian

Posted July 4, 2010 at 5:57 PM (Answer #3)

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1) tax rate is 5% so the t-shirt new price with the tax would be 105%

T-shirt= 105/100*19.95= $20.9475

2) refridgerator= 106/100*499= $528.94

3) motorcycle= 105.5/100*3500= $3692.50

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atyourservice | TA , Grade 10 | Valedictorian

Posted May 26, 2014 at 1:53 AM (Answer #4)

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1) T-shirt,$19.95   tax rate,5%

19.95 x .05 = $.997

19.95 + .997 = $20.95

2)refrigerator,$499   tax rate,6%

499 x .06 = $29.94

499 + 29.94 = $528.94

3)motorcycle,$3,500   tax rate,5.5%

3500 x .055 = $198.5

3500 + 192. 5 = $3692.5

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