In the quiz tile, what is the price after tax of Macbook?

Step 1: Identify the pre-tax price and tax rate of the MacBook. Pre-tax price = $800; Tax rate = 2% = 0.02 Step 2: Formula for price after tax. Price after tax = Pre-tax price × (1 + tax rate) Step 3: Substitute the values. Price after tax = 800 × (1 + 0.02) = 800 × 1.02 Step 4: Compute 800 × 1.02. 800 × 1 = 800; 800 × 0.02 = 16; 800 + 16 = 816 The price after tax is $816. 816

In the quiz tile, what is the price after tax of Macbook?

Step 1: Identify the pre-tax price and tax rate of the MacBook. Pre-tax price = $800; Tax rate = 2% = 0.02 Step 2: Formula for price after tax. Price after tax = Pre-tax price × (1 + tax rate) Step 3: Substitute the values. Price after tax = 800 × (1 + 0.02) = 800 × 1.02 Step 4: Compute 800 × 1.02. 800 × 1 = 800; 800 × 0.02 = 16; 800 + 16 = 816 The price after tax is $816. 816

Solved: In the quiz tile, what is the price after tax of…

Identify the pre-tax price and tax rate of the MacBook.
Pre-tax price = $800
Tax rate = 2% = 0.02
Formula for price after tax.
$\text{Price after tax} = \text{Pre-tax price} \times (1 + \text{tax rate})$
Substitute the values.
$\text{Price after tax} = 800 \times (1 + 0.02) = 800 \times 1.02$
Compute $800 \times 1.02$ .
$800 \times 1 = 800$ $800 \times 0.02 = 16$ $800 + 16 = 816$
The price after tax is $816.

816

In the quiz tile, what is the price after tax of Macbook?

Answer

Step-by-step solution

Identify the pre-tax price and tax rate of the MacBook.

Formula for price after tax.

Substitute the values.

Compute $800 \times 1.02$ .

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More Accounting Questions

In the quiz tile, what is the price after tax of Macbook?

Answer

Step-by-step solution

Identify the pre-tax price and tax rate of the MacBook.

Formula for price after tax.

Substitute the values.

Compute 800×1.02800 \times 1.02800×1.02.

Try one yourself

Still stuck on this one?

More Accounting Questions

Compute $800 \times 1.02$ .