tind the amount of tao and the Jelling price. Round to the nearest cent Original Price: A 71.17 Sales Tax Rate: 24 76 Tax amount 日 Selling price A
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
![### Calculating Sales Tax and Final Selling Price
To determine the total amount payable for an item, including sales tax, follow the steps below. Here, we'll calculate the tax and the final selling price for an item with a given original price and sales tax rate. Round your answers to the nearest cent.
**Problem Statement:**
- **Original Price:** $71.17
- **Sales Tax Rate:** 26%
**Instructions:**
1. **Calculate the Amount of Tax:**
To find the sales tax, multiply the original price by the sales tax rate.
\[
\text{Tax Amount} = \text{Original Price} \times \left( \frac{\text{Sales Tax Rate}}{100} \right)
\]
2. **Calculate the Final Selling Price:**
Add the tax amount to the original price.
\[
\text{Selling Price} = \text{Original Price} + \text{Tax Amount}
\]
**Example:**
Applying this to the values provided:
- **Original Price:** $71.17
- **Sales Tax Rate:** 26%
**Step 1: Calculate the Tax Amount**
\[
\text{Tax Amount} = 71.17 \times \left( \frac{26}{100} \right) \approx 18.50
\]
**Step 2: Calculate the Final Selling Price**
\[
\text{Selling Price} = 71.17 + 18.50 \approx 89.67
\]
**Summary of Results:**
- **Tax Amount:** $18.50
- **Selling Price:** $89.67
**Note:**
- Ensure all calculations maintain two decimal places and round to the nearest cent when necessary.
- Use appropriate symbols and notation for clarity and accuracy.
Feel free to use an online calculator or spreadsheet to confirm these calculations.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5ede190-124d-4580-a2ef-b75915abe6b9%2F37e5bb11-126e-423f-8ac5-8ea429176c51%2Frmrb46.jpeg&w=3840&q=75)
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