What is the total price including tax for the 2.5 cubic yards example?

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Multiple Choice

What is the total price including tax for the 2.5 cubic yards example?

Explanation:
To get the total price including tax, first find the cost before tax and then apply the tax rate. In this example, the price per cubic yard is 90.00, so the pre-tax total for 2.5 cubic yards is 2.5 × 90.00 = 225.00. With a tax rate of 8.75%, the tax on 225.00 is 225.00 × 0.0875 = 19.69. Add the tax to the pre-tax total: 225.00 + 19.69 = 244.69. So the total price including tax is 244.69, which can also be seen as 225.00 × 1.0875.

To get the total price including tax, first find the cost before tax and then apply the tax rate. In this example, the price per cubic yard is 90.00, so the pre-tax total for 2.5 cubic yards is 2.5 × 90.00 = 225.00. With a tax rate of 8.75%, the tax on 225.00 is 225.00 × 0.0875 = 19.69. Add the tax to the pre-tax total: 225.00 + 19.69 = 244.69. So the total price including tax is 244.69, which can also be seen as 225.00 × 1.0875.

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