McGraw Hill Glencoe Algebra 1, 2012
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McGraw Hill Glencoe Algebra 1, 2012 View details
7. Percent of Change
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Exercise 26 Page 122

How do you calculate 6.25 % of $5.50?

$5.84

Practice makes perfect

In order to find the total price of the vase, we need to add the sales tax in dollars to the original price. Original price+ Sales tax= Total priceFirst, we have to find the cost added by the tax, which is 6.25 % of $5.50. We can find the value of the sales tax by multiplying the original price by the tax rate.

$5.50* 6.25 %
$5.50* 0.0625
$0.34375
$0.34

Finally, by adding $0.34 to $5.50, we get the final price including taxes. $5.50+ $0.34= $ 5.84