Answer:
Total cost of the article altogether is $42.75 .
Step-by-step explanation:
As given
An article retails for $37.50.
The city sales tax is 6%, and the federal excise tax is 8%.
6% is written in the decimal form
[tex]= \frac{6}{100}[/tex]
= 0.06
Price of city sales tax = 0.06 × Article cost
= 0.06 × 37.50
= $ 2.25
8% is written in the decimal form
[tex]= \frac{8}{100}[/tex]
= 0.08
Price of federal excise tax = 0.08 × Article cost
= 0.08 × 37.50
= $ 3
Thus
Total cost of the article altogether = Article cost + Price of city sales tax + Price of federal excise tax
Putting all the values in the above
= $ 37.50 + $2.25 + $3
= $ 42.75
Therefore the total cost of the article altogether is $42.75 .
