QUESTION IMAGE
Question
- what is the total cost for four tires that sell for $85 each, plus 5% gst and a 1.5% environment tax?
Step1: Calculate pre-tax total cost
$\text{Pre-tax cost} = 4 \times 85 = 340$
Step2: Calculate total tax rate
$\text{Total tax rate} = 5\% + 1.5\% = 6.5\% = 0.065$
Step3: Calculate total tax amount
$\text{Total tax} = 340 \times 0.065 = 22.1$
Step4: Calculate final total cost
$\text{Total cost} = 340 + 22.1 = 362.1$
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$\$362.10$