Answer:
Step-by-step explanation:
Cost of bikes = $500.00
If the sales tax is 7%, the amount paid as tax will be 7% of the total selling price of bike;
7% of $500.00
= [tex]\frac{7}{100} * 500\\[/tex]
= $35
The final cost of bike = initial selling price + amount paid as tax
The final cost of bike = $500.00 + $35.00
The final cost of bike = $535.00
