a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the…

a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the mountain bike? round to the nearest cent if necessary.\n$26.85\n$28.91\n$437.78\n$439.85

a mountain bike is priced at $413. if the sales tax is 6.5 percent, what is the cost to purchase the mountain bike? round to the nearest cent if necessary.\n$26.85\n$28.91\n$437.78\n$439.85

Answer

Explanation:

Step1: Calculate sales - tax amount

The sales - tax rate is $6.5%=0.065$. The price of the bike is $P = 413$. The sales - tax amount $T$ is calculated by multiplying the price of the bike by the sales - tax rate, so $T=413\times0.065 = 26.845$.

Step2: Calculate the total cost

The total cost $C$ of purchasing the bike is the sum of the price of the bike and the sales - tax amount. So $C = 413+26.845=439.845$.

Step3: Round to the nearest cent

Rounding $439.845$ to the nearest cent gives $439.85$.

Answer:

$439.85$