Stephanie is planning to buy a big screen TV in 2 years. She believes the selling price will be $1,800 at that time. What will the total price be when a tax of 13% is added?

The total price of the TV would be $2,034.

Expert Answers

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Stephanie plans to buy a big screen TV in 2 years. She believes the selling price will be $1,800 at that time. A tax of 13% will be added to the selling price. The total price that Stephanie has to pay is to be determined.

If an item with price P has a tax of T% applied, the total price that the buyer has to be pay is equal to P( 1+ T/100).

Here, the price of the TV is estimated to be $1,800, and the applicable tax rate is 13%.

The total cost of the TV is then equal to the follwing:

1,800(1+13/100)

=1,800*(1+0.13)

=1,800*1.13

=2,034.

The total price of the TV would be $2,034.

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