Answer :
Sure, let's break it down step by step:
1. Identify the cost of the stereo:
The initial cost of the stereo is \[tex]$200. 2. Determine the tax rate: The tax rate is given as 8%, which can be written as a decimal (0.08). 3. Calculate the amount of tax: To find the tax amount, multiply the cost of the stereo by the tax rate: \[\text{Tax Amount} = \$[/tex]200 \times 0.08 = \[tex]$16.00\] 4. Calculate the total price of the stereo: To find the total price, add the tax amount to the initial cost of the stereo: \[\text{Total Price} = \$[/tex]200 + \[tex]$16.00 = \$[/tex]216.00\]
So, the total price of the stereo, including the tax, is \[tex]$216.00, and the tax amount is \$[/tex]16.00.
1. Identify the cost of the stereo:
The initial cost of the stereo is \[tex]$200. 2. Determine the tax rate: The tax rate is given as 8%, which can be written as a decimal (0.08). 3. Calculate the amount of tax: To find the tax amount, multiply the cost of the stereo by the tax rate: \[\text{Tax Amount} = \$[/tex]200 \times 0.08 = \[tex]$16.00\] 4. Calculate the total price of the stereo: To find the total price, add the tax amount to the initial cost of the stereo: \[\text{Total Price} = \$[/tex]200 + \[tex]$16.00 = \$[/tex]216.00\]
So, the total price of the stereo, including the tax, is \[tex]$216.00, and the tax amount is \$[/tex]16.00.
