Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

Practice this question and more.

If you buy a pad of paper for $1.50 and the sales tax is 6%, what will be the total cost?

$1.56
$1.44
$1.41
$1.59

The correct answer is: $1.59

To determine the total cost of the pad of paper including sales tax, you need to calculate the amount of sales tax applied to the purchase and then add it to the original price. First, calculate the sales tax by multiplying the cost of the pad of paper by the sales tax rate. In this case, the pad costs $1.50 and the sales tax rate is 6%. The calculation would look like this: Sales Tax = Price × Sales Tax Rate Sales Tax = $1.50 × 0.06 Sales Tax = $0.09 Next, add the sales tax to the original price of the pad of paper to find the total cost: Total Cost = Price + Sales Tax Total Cost = $1.50 + $0.09 Total Cost = $1.59 Thus, the correct total cost when including the sales tax is $1.59. This explains why this option is indeed the accurate answer to the question.