Mike purchases a bicycle costing $154.90. State taxes are 4% and local sales taxes are 2%. The store charges $20 for assembly. What is the total purchase price (in $)? (Round your answer to the nearest cent.)
Added by Sandra E.
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State tax = 4% = 0.04 Local tax = 2% = 0.02 Total tax rate = 0.04 + 0.02 = 0.06 (or 6%) Show more…
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