This is all you do for the unit 5 portfolio:
SALES TAX PORTFOLIO
USE KANSAS, you decide to buy a board game to play. The cost of the game is between $10 and $20, and it is not a whole dollar amount.
Decide the cost of the board game. Write it here: $15.50
Now choose one of the four states listed above. Write it here: ____KANSAS________
Use only the state of kansas sales tax which is. 6.50%
What is the total cost of the board game, including sales tax? Show your work. Round appropriately for full credit.
To calculate the total cost of the board game including sales tax, we need to add the sales tax amount to the cost of the game.
First, we need to calculate the sales tax amount. Multiply the cost of the game ($15.50) by the sales tax rate (6.50% expressed as a decimal):
Sales tax amount = 15.50 * 0.065 = $1.0075
Next, we add the sales tax amount to the cost of the game to get the total cost:
Total cost = 15.50 + 1.0075 = $16.5075
Rounding appropriately, the total cost of the board game including sales tax in Kansas is approximately $16.51.
To calculate the total cost of the board game, including sales tax, we need to multiply the cost of the game by the sales tax rate of Kansas.
Step 1: Determine the sales tax rate of Kansas
The sales tax rate in Kansas is 6.50%.
Step 2: Calculate the sales tax amount
Sales Tax Amount = Cost of the board game * Sales Tax Rate
Sales Tax Amount = $15.50 * 0.065
Sales Tax Amount = $1.01 (rounded to two decimal places)
Step 3: Calculate the total cost of the board game, including sales tax
Total cost = Cost of the board game + Sales Tax Amount
Total cost = $15.50 + $1.01
Total cost = $16.51
Therefore, the total cost of the board game, including sales tax, is $16.51.
To calculate the total cost of the board game, including sales tax, you need to multiply the cost of the game by the sales tax rate (which is 6.50% or 0.065) and add it to the initial cost.
Here's how you can calculate it step by step:
Step 1: Calculate the sales tax amount
To find the sales tax amount, multiply the cost of the game ($15.50) by the sales tax rate (0.065):
Sales tax amount = $15.50 * 0.065 = $1.0075
Step 2: Add the sales tax amount to the initial cost
To find the total cost, add the sales tax amount to the initial cost of the game:
Total cost = $15.50 + $1.0075 = $16.5075
Step 3: Round the total cost appropriately
The question asks you to round appropriately for full credit. Since the total cost includes money from cents, you should round it to the nearest cent:
Total cost rounded = $16.51
Therefore, the total cost of the board game, including sales tax, is $16.51 in Kansas.