find the amount of tax and the selling price.round to the nearest cent

Question

orginal price:$87.01

sales tax rate:23%

Answer 1

The sales tax rate of 23% can be written in decimal form as 0.23. (That's a fairly high tax rate!)

To calculate the amount of tax to be paid, multiply the rate by the original price: 0.23 * 87.01 = $20.01

The selling price would be the original price plus the tax: $87.01 + 20.01 = $107.02 (rounded to the nearest cent)