Daniel purchases a new fishing rod for $49.95. the sales tax on his purchase is 8%. including tax, what is the cost of the fishing rod to the nearest dollar? a) $50
b) $54
c) $58
d) $63

Cost of the fishing rod is $54 .

Option (B) is correct .

Step-by-step explanation:

As given

Daniel purchases a new fishing rod for $49.95.

The sales tax on his purchase is 8%.

8% is written in the decimal form .

= 0.08

Sale tax price = 0.08 × Cost of fishing rod

                       = 0.08 × 49.95

                        = $ 3.996

Total cost of fishing rod = Cost of fishing rod + Sales tax price

                                        = $49.95 + $ 3.996

                                        = $53.946

                                        = $ 54 (Approx)

Therefore cost of the fishing rod is $54 .

Option (B) is correct .