Answer:
$22
Step-by-step explanation:
Listed price = $550
Sales tax rate = 3%
The price increased by 33 1/3% or [tex]\frac{100}{3}[/tex]% in the next month
Now, Sales tax will be calculated on new price after increase price.
Price increase = \frac{100}{300}*550 = 183.33
New Price = 183.33+550 = 733.33
Since Sales tax =3% on 733.33
= \frac{3}{100}*733.33
= 21.99 =22(aprox)
Sales tax paid in dollars the next month after increase of price = $22
