Answer:
Total Price with Tax: $ 605.72
Step-by-step explanation:
We can write an equation for the total cost of the bicycle as:
C=p+(t×p)
Where:
C is the total cost we are trying to calculate.
p is the list price - $556.98
t is the tax rate - 8.75%. "%" means "out of 100" or "per 100", Therefore 8.75% can be written as 8.75 [tex]\frac{x}{100}[/tex].
Substituting and solving for C gives:
C = $556.98([tex]\frac{8\\.75}{100}[/tex]×$556.98)
C = $556.98+$48.74
C = $605.72
