Eva purchases a bicycle costing $150.95. State taxes are 5.5% and local sales taxes are 2.4%. The store charges $30 for assembly. What is the total purchase price? (Round your answer to the nearest cent if necessary)

Question

Quizplus · Accepted Answer

First, calculate the total tax rate: 5.5% + 2.4% = 7.9%. Then, calculate the total tax amount: $150.95 * 7.9% = $11.92505. Add the tax amount to the original price: $150.95 + $11.92505 = $162.87505. Finally, add the assembly fee: $162.87505 + $30 = $192.87505, which rounds to $192.88.

Eva Purchases a Bicycle Costing $150