Solve the following problems.
Susan bought a pair of pants for 650.00 pesos. She paid 78.00 pesos as sales tax for it. Find the total cost and tax rate of the pair of pants.
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Solve the following problems.
Susan bought a pair of pants for 650.00 pesos. She paid 78.00 pesos as sales tax for it. Find the total cost and tax rate of the pair of pants.
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To find the total cost, you simply add the cost of the pants to the sales tax.
Total Cost = Cost of Pants + Sales Tax
In this case:
\[ Total Cost = 650.00 + 78.00 \]
Now, calculate the total cost.
\[ Total Cost = 728.00 \]
So, the total cost of the pair of pants is 728.00 pesos.
To find the tax rate, you can use the formula:
\[ \text{Tax Rate (\%)} = \left( \frac{\text{Sales Tax}}{\text{Cost of Pants}} \right) \times 100 \]
In this case:
\[ \text{Tax Rate (\%)} = \left( \frac{78.00}{650.00} \right) \times 100 \]
Now, calculate the tax rate.
\[ \text{Tax Rate (\%)} \approx 12\% \]
Therefore, the tax rate for the pair of pants is approximately 12%.
Answer:
TOTAL COST = (price of pants + sales tax)
TOTAL COST = 650.00 pesos + 78.00 pesos
TOTAL COST = 728.00 pesos
TAX RATE = ( sales tax/price of pants ) * 100
TAX RATE = ( 78.00 pesos / 650.00 pesos) *100
TAX RATE = 12%
So, the tax rate for the pair of pants is 12.00%.
In summary, the total cost of the pair of pants is 728.00 pesos, and the tax rate is 12.00%.
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