Question

What is the final cost of a $40 item after an 8% tax is applied?

Answer 1

1% of $40 = $0.4
8% of $40 = $0.4 x 8 = $3.2
Total = $43.20

Answer 2

$43.2

Explanation:

We are asked to find the final cost of a $40 item after an 8% tax is applied.

The final cost of item would be 40 plus 8% of 40.

`\text{The final cost of the item}=\$40+(\$40*(8)/(100))`

`\text{The final cost of the item}=\$40+(\$40*0.08)`

`\text{The final cost of the item}=\$40+\$3.2`

`\text{The final cost of the item}=\$43.2`

Therefore, the final cost of item would be $43.2.