a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the…

a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the mountain bike? round to the nearest cent if necessary. $26.85 $28.91 $437.78 $439.85

a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the mountain bike? round to the nearest cent if necessary. $26.85 $28.91 $437.78 $439.85

Answer

Explanation:

Step1: Calculate sales - tax amount

The sales - tax rate is 6.5% or 0.065 in decimal form. The price of the bike is $413. The sales - tax amount $t$ is calculated by multiplying the price of the bike by the sales - tax rate, so $t = 413\times0.065=26.845$.

Step2: Calculate total cost

The total cost $C$ of purchasing the bike is the sum of the price of the bike and the sales - tax amount. So $C=413 + 26.845=439.845$.

Step3: Round to the nearest cent

Rounding 439.845 to the nearest cent gives $439.85$.

Answer:

$439.85$