&39.50 added 5% sales tax? I need help to this question. I keep getting $19.75, but none of my multi-choice question have that as an answer! :(
A.)$37.95
B.)$40.95
C.)$41.48
D.)$1.98
I want to say $37.95, but I reeeeeally keep getting $19.75! Help me please!!!
Since 19.75 is about $20 and 39.50 is about $40
your answer is 1/2 or 50% of the original. So it looks like a decimal error.
5% = .05 , not .5 like you did
A quicker way would be to take 1.05(39.50) to get the actual answer, which I see in the list
39.5 * 1.05 = ?
When tax is added to the price, the result is more -- right?
Yes, that was where I was stuck Ms. Sue, I didn't know what I was doing wrong, thanks Reiny, Ms. Sue! :)
You're welcome.
Wait, the answer is $37.95 right.
Absolutely not! Try following directions and actually do some math!
To calculate the total amount after adding the 5% sales tax, you need to add the initial amount to the tax amount. Here's how to do it step by step:
Step 1: Calculate the tax amount.
To find the tax amount, multiply the initial amount by the sales tax rate of 5%. In this case, the initial amount is $39.50, so the tax amount is:
Tax amount = $39.50 * 5% = $39.50 * 0.05 = $1.975 (rounded to two decimal places)
Step 2: Add the tax amount to the initial amount.
To find the total amount, simply add the initial amount to the tax amount:
Total amount = $39.50 + $1.975 = $41.475 (rounded to two decimal places)
Now let's compare the calculated total amount with the given answer choices:
A.) $37.95
B.) $40.95
C.) $41.48
D.) $1.98
The calculated total amount is $41.475, which is closest to option C.) $41.48. Therefore, option C is most likely the correct answer.
It seems there is a slight difference between the calculated amount and option C. It's possible that there may be a rounding discrepancy in the options provided. However, based on the calculations, option C is still the closest answer to the correct total amount.