compute the sales tax. round to the nearest cent.?

Question

selling price-$90.47 rate of sales tax-7.4% sales tax-?

A)$67.05 b) $7.46 C) $7.19 D)$6.69

Answer 1

D

Answer 2

You first need to multiply the 90.47 sales price by the tax rate 7.4%. But to do that, you need to convert the percent into a decimal by moving your decimal point 2 places to the left.

This gives you 90.47 x 0.074, which equals 6.69478.

In order to round this to dollars and cents, meaning 2 decimal places, you need to look at the number in the 3rd decimal place. If that number is greater than 4, then you increase the number in the 2nd spot by 1, otherwise you cut all digits after the 2nd one off.

So 6.69478 would become $6.69.

Answer 3

D)$6.69

Now do your own homework.