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

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asked Jan 15, 2018 93.3k views

2 Answers

Todd Sprang · Answer 1 · 2018-01-18T03:09:28+0000

The easiest way to do this type of problem is:
40 * 1.08 = $43.20

The 1. represents the 100% cost of the item and the .08 represents the 8% tax.
That's where I got the 1.08

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

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