What is the final price of a textbook that costs $107.20 with an added tax rate of 6%?
107.20 * 1.06
To find the final price of a textbook with an added tax rate of 6%, you can follow these steps:
Step 1: Determine the tax amount
Multiply the cost of the textbook ($107.20) by the tax rate (6% or 0.06):
Tax amount = $107.20 * 0.06
Step 2: Add the tax amount to the cost of the textbook
Final price = Cost of the textbook + Tax amount
Now let's calculate the tax amount and final price using these steps.
Tax amount = $107.20 * 0.06
Tax amount = $6.43 (rounded to two decimal places)
Final price = $107.20 + $6.43
Final price = $113.63
Therefore, the final price of the textbook after adding a 6% tax is $113.63.