Questions: In a city that applies 6.5% sales tax, what is the total amount of money a person will pay for a bag of candy? Product, Cost per Item, Subject to Sales Tax? Bag of Candy, 8.00, Yes Loaf of Bread, 5.00, No Round to the nearest cent.

Solution Steps

To find the total amount of money a person will pay for a bag of candy in a city that applies a 6.5% sales tax, we need to:

1. Calculate the sales tax on the bag of candy.
2. Add the sales tax to the original cost of the bag of candy.
3. Round the result to the nearest cent.

The sales tax on the bag of candy can be calculated using the formula: \[ \text{Sales Tax} = \text{Cost of Candy} \times \text{Sales Tax Rate} \] Substituting the values: \[ \text{Sales Tax} = 8.00 \times 0.065 = 0.52 \]

The total cost is the sum of the original cost and the sales tax: \[ \text{Total Cost} = \text{Cost of Candy} + \text{Sales Tax} \] Substituting the values: \[ \text{Total Cost} = 8.00 + 0.52 = 8.52 \]

The total cost is already at two decimal places, so rounding is not necessary: \[ \text{Total Cost Rounded} = 8.52 \]

Final Answer