I need a new pair of shoes. The ones I like are $49.99. The state sales tax is 7.25%. How much do I need to pay? Round to nearest dollar.
To calculate the total amount you need to pay, you first need to find the amount of sales tax on the shoes.
Sales Tax = 7.25% of $49.99
Sales Tax = (7.25/100) * $49.99
Sales Tax = $3.624275.
Now, add the sales tax to the price of the shoes to find the total amount you need to pay.
Total amount = $49.99 + $3.624275
Total amount = $53.614275.
Rounding the total amount to the nearest dollar, you need to pay $54.
To calculate the total cost including sales tax, you need to know the original price and the sales tax rate. Here's how you can do that:
1. Multiply the original price by the sales tax rate. This will give you the amount of tax you need to pay.
Calculation: $49.99 * 0.0725 = $3.624875
2. Add the tax amount to the original price to get the total cost.
Calculation: $49.99 + $3.624875 = $53.614875
3. Now, round the total cost to the nearest dollar as per your request.
Rounding: $53.614875 ≈ $54
Therefore, you will need to pay $54 for the shoes, including sales tax.
To calculate the amount you need to pay, you'll need to add the price of the shoes to the sales tax.
Step 1: Calculate the sales tax amount.
Multiply the price of the shoes by the sales tax rate: $49.99 x 0.0725 = $3.624775
Round this amount to the nearest cent: $3.62
Step 2: Add the sales tax to the price of the shoes.
$49.99 + $3.62 = $53.61
Therefore, you need to pay $54.