If you pay 6% tax on a small swimming pool that costs $24.99, What percent are you paying to buy the pool?
Mathematics · College · Mon Jan 18 2021
Answered on
Given:
Swimming pool cost = $24.99
Tax = 6%
Determine the percentage you are paying to buy the pool.
Solution:
in order to determine the percentage you are paying to buy the pool we simply need to add the value 6% of 24.99 to 24.99. To do so we need first to change the percentage into decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 6/100
= 0.06
Mulitply 0.06 by 24.99
= (0.06)($24.99)
= $1.5
Add 1.5 to 24.99.
= $24.99 + $1.5
= $26.5
Final answer:
= $26.5