Question

suppose you buy an electric drill with a retail price of $109.97 in a city with 8.5% sales tax. find the amount of the tax. round to the nearest cent, if necessary. $9.38 $10.00 $9.35 $9.45

Explanation:

Step1: Convert percentage to decimal

$8.5\%=0.085$

Step2: Calculate tax amount

$109.97\times0.085 = 9.34745$

Step3: Round to nearest cent

Rounding $9.34745$ to the nearest cent gives $9.35$

Answer:

$9.35$