Problem

Question 2 of 5, Step 1 of 1 $1 / 5$ Correct Peter is considering purchasing an item that costs $\$ 15$. The sales tax in Peter's area is set at $7.5 \%$. How much sales tax would be charged on this purchase? Round your answer to the nearest cent, if necessary. Answer

Solution

Step 1 :Let the cost of the item be denoted as \(cost\_of\_item = 15\)

Step 2 :The sales tax rate is given as \(sales\_tax\_rate = 7.5 / 100 = 0.075\)

Step 3 :The sales tax charged on the purchase can be calculated as \(sales\_tax = cost\_of\_item * sales\_tax\_rate = 1.125\)

Step 4 :Rounding the sales tax to the nearest cent gives \(rounded\_sales\_tax = round(sales\_tax, 2) = 1.12\)

Step 5 :Final Answer: The sales tax charged on the purchase would be \(\boxed{1.12}\) dollars.

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Source: https://solvelyapp.com/problems/66o6xMdBEt/

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