The Solution:
Given that a coat costs $99.99 and the sales tax is $75.
We are required to find the actual sales tax and the total cost of the coat.
Step 1:
We shall find the sales tax.
[tex]\begin{gathered} \text{ Cost of the coat=\$99.99} \\ \\ \text{Sales tax of 7\% }=\frac{7}{100}\times99.99=0.07\times99.99 \\ \\ =6.999\approx\text{ \$7.00 (or 700 cent)} \end{gathered}[/tex]Thus, the sales tax is $7.00 or 700 cents.
Step 2:
We shall find the total cost of the coat.
The total cost of the coat is the sum of the coat's cost and the sales tax.
[tex]\text{ The total cost=99.99+6.999=106.989}\approx\text{ \$106.99}[/tex]Therefore, the correct answers are:
Sales tax =$7.00 or 700 cents.
Total cost = $106.99 or 10699 cents..99 or 10699 cents.
