Question

You buy a new laptop for $300. The sales tax is 6%. What is the total cost for the laptop including the sales tax?

Answer 1

Answer: Total cost incurred on new laptop is $318.

Explanation:

Since we have given that

Cost price of new laptop = $300

Sales tax = 6%

total cost of laptop including the sales tax is given by

$Cost\times \frac{100+\text{ sales tax}}{100}$

so,

$\text{ Cost price including the sales tax }\\\\=300\times \frac{100+6}{100}\\\\=300\times \frac{106}{100}\\\\=\ 318$

So, total cost incurred on new laptop is $318.