Answer:
[tex]\boxed {\boxed {\sf \$62.81}}[/tex]
Step-by-step explanation:
To find the sales tax, multiply the price by the tax rate.
[tex]sales \ tax=price * tax \ rate[/tex]
The price of the TV is $750 and the tax rate is 8.375%, but we must convert it to a decimal. Divide by 100 or move the decimal place two spots to the right.
- 8.375/100=0.08375 or 8.3750⇒.8375⇒ 0.08375
Substitute the values into the formula.
[tex]sales \ tax= 750*0.08375\\sales \ tax= 62.8125[/tex]
Round to the nearest cent, which is the hundredth place. The 2 in the thousandth place tells us to leave the 1.
[tex]sales \ tax = 62.81[/tex]
The sales tax on the TV is approximately $62.81.
