in a city that applies 5% sales tax, what is the total amount of money a person will pay for maple…

in a city that applies 5% sales tax, what is the total amount of money a person will pay for maple syrup?\n|product|cost per item|subject to sales tax?|\n|--|--|--|\n|maple syrup|$4.50|yes|\n|blue berries|$2.50|no|\nround to the nearest cent.

in a city that applies 5% sales tax, what is the total amount of money a person will pay for maple syrup?\n|product|cost per item|subject to sales tax?|\n|--|--|--|\n|maple syrup|$4.50|yes|\n|blue berries|$2.50|no|\nround to the nearest cent.

Answer

Explanation:

Step1: Calculate sales tax amount

The sales - tax rate is $5%=0.05$, and the cost of maple syrup is $4.50$. The sales - tax amount is the product of the cost and the tax rate. So, the sales - tax amount $=4.50\times0.05 = 0.225$.

Step2: Calculate total cost

The total cost is the sum of the cost of the maple syrup and the sales - tax amount. So, the total cost $=4.50 + 0.225=4.725$.

Step3: Round to the nearest cent

Rounding $4.725$ to the nearest cent gives $4.73$.

Answer:

$4.73$