In the quiz tile, what is the price after tax of Macbook?
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
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.
$$ \text{Price after tax} = \text{Pre-tax price} \times (1 + \text{tax rate}) $$
Step 3: Substitute the values.
$$ \text{Price after tax} = 800 \times (1 + 0.02) = 800 \times 1.02 $$
Step 4: Compute $800 \times 1.02$.
$$ 800 \times 1 = 800 $$
$$ 800 \times 0.02 = 16 $$
$$ 800 + 16 = 816 $$
The price after tax is $816.
\boxed{816}
