Question

The sales tax rate in Georgia is 7%.
1. Find the tax paid for a video game with a list price of $59.99.
2. What is the total cost of the video game?

Answer 1

1. To find the tax paid for a video game with a list price of $59.99, we need to multiply the list price by the sales tax rate.

Tax paid = $59.99 * 7/100 = $4.1993 (rounded to the nearest cent)

Therefore, the tax paid for the video game is approximately $4.20.

2. To find the total cost of the video game, we need to add the list price and the tax paid.

Total cost = $59.99 + $4.20 = $64.19

Therefore, the total cost of the video game is $64.19.