Marcus purchases a tool set with a price tag of $40.00. If the hardware store applies a 5%… — Armed Services Vocational Aptitude Battery (ASVAB)

Marcus purchases a tool set with a price tag of $40.00. If the hardware store applies a 5% sales tax, what is the final amount Marcus must pay?

The total cost of the tool set including tax is $42.00.

To find the final amount, you must calculate the sales tax and add it to the original price. 5% of

40.00 is

2.00. Adding this

2.00 tax to the

40.00 price tag yields a total of $42.00.

Calculate the amount of sales tax by finding 5% of $40.00.

40.00 \times 0.05 =

2.00

Sales tax is a percentage of the original price.

Add the calculated sales tax to the original price to find the final total.

40.00 +

2.00 = $42.00

The total amount paid includes both the item's price and the tax applied to it.

Calculating sales tax as a percentage and adding it to the base price to determine the total cost.

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