Questions: Complete the table. Purchase Price Tax Rate Sales Tax Total Price ------------ 107 3% Purchase Price Tax Rate Sales Tax Total Price ------------ 107 3% (Round to the nearest cent as needed.)

Complete the table.

Purchase Price  Tax Rate  Sales Tax  Total Price 
------------
107  3%    

Purchase Price  Tax Rate  Sales Tax  Total Price 
------------
107  3%     

(Round to the nearest cent as needed.)
Transcript text: Complete the table. \begin{tabular}{|c|c|c|c|} \hline Purchase Price & Tax Rate & Sales Tax & Total Price \\ \hline$\$ 107$ & $3 \%$ & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Purchase Price & Tax Rate & Sales Tax & Total Price \\ \hline$\$ 107$ & $3 \%$ & $\$ \square$ & $\$ \square$ \\ \hline \end{tabular} (Round to the nearest cent as needed.)
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Solution

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Solution Steps

To complete the table, we need to calculate the sales tax and the total price. The sales tax can be found by multiplying the purchase price by the tax rate. The total price is the sum of the purchase price and the sales tax.

Step 1: Calculate Sales Tax

To find the sales tax, we use the formula: \[ \text{Sales Tax} = \text{Purchase Price} \times \text{Tax Rate} \] Substituting the given values: \[ \text{Sales Tax} = 107 \times 0.03 = 3.21 \]

Step 2: Calculate Total Price

Next, we calculate the total price using the formula: \[ \text{Total Price} = \text{Purchase Price} + \text{Sales Tax} \] Substituting the values we have: \[ \text{Total Price} = 107 + 3.21 = 110.21 \]

Final Answer

The sales tax is \(3.21\) and the total price is \(110.21\). Thus, we can box the final answers: \[ \boxed{\text{Sales Tax} = 3.21} \] \[ \boxed{\text{Total Price} = 110.21} \]

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