Solve the problem.
In Amy's state, the sales tax rate is \( 1.5 \% \) for the city and \( 5.75 \% \) for the state. Find the total amount paid for 4 chairs at \( \$ 79 \) each.
\( \$ 84.73 \)
\( \$ 338.91 \)
\( \$ 339.70 \)
\( \$ 334.17 \)
Solution
Step 1 :Calculate the cost of 4 chairs: 4 * $79 = $316
Step 2 :Calculate the combined sales tax rate for city and state: 1.5% + 5.75% = 7.25%
Step 3 :Calculate the sales tax amount and total amount paid: $316 * (1 + 7.25%) = \( \$ 339.70 \)