Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - Chapter Summary, Review, and Test - Review Exercises - Page 569: 14

Answer

See below:

Work Step by Step

(a) Compute the amount of tax paid as shown below: $\begin{align} & \text{Tax paid}=\text{Tax rate}\times \text{Purchase price} \\ & =0.06\times \$24\\&=\$1.44\end{align}$ (b) Compute the total cost of backpack as shown below: \[\begin{align} & \text{Total cost of Backpack}=\text{Purchase price}+\text{Tax paid} \\ & =\$24+\$1.44\\&=\$25.44\end{align}\]
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