In a city that applies [tex]$6.5 \%$[/tex] sales tax, what is the total amount of money a person will pay for a loaf of bread?

\begin{tabular}{|l|r|c|}
\hline Product & Cost per Item & Subject to Sales Tax? \\
\hline Bag of Candy & [tex]$\$[/tex] 8.00[tex]$ & Yes \\
\hline Loaf of Bread & $[/tex]\[tex]$ 5.00$[/tex] & No \\
\hline
\end{tabular}

Round to the nearest cent.



Answer :

Sure! Let's go through the problem step by step to determine the total amount of money a person will pay for a loaf of bread in a city with a [tex]\(6.5\%\)[/tex] sales tax.

1. Identify the cost of the loaf of bread:
- Cost per item for the Loaf of Bread: \[tex]$5.00. 2. Determine if the loaf of bread is subject to sales tax: - According to the table, the loaf of bread is not subject to sales tax. 3. Calculate the total amount: - Since the loaf of bread is not subject to sales tax, the total amount a person will pay is simply the cost of the loaf of bread itself. 4. Round the total amount, if necessary: - The cost is \$[/tex]5.00, so it remains \[tex]$5.00 when rounded to the nearest cent. Therefore, the total amount of money a person will pay for a loaf of bread is: \[ \$[/tex]5.00
\]