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I NEED HELP ASAP WILL MAKE BRAINLIEST!

In May, 2018 a store had a furniture with a listed price of $550, having a sales tax of 3% on the listed price. Next month the price increased by 33 1/3 %. What sales tax should be paid in dollars on the new price?

Respuesta :

Answer:

$22

Step-by-step explanation:

Listed price = $550

Sales tax rate = 3%

The price increased by 33 1/3% or [tex]\frac{100}{3}[/tex]% in the next month

Now, Sales tax will be calculated on new price after increase price.

Price increase = \frac{100}{300}*550 = 183.33

New Price = 183.33+550 = 733.33

Since Sales tax =3% on 733.33

                         = \frac{3}{100}*733.33

                          = 21.99 =22(aprox)

Sales tax paid in dollars the next month after increase of price = $22