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C=p(1 + r). What is the final cost of a $40 item after an 8% tax is applied?

C=p(1 + r). What is the final cost of a $40 item after an 8% tax is applied?
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C=p(1 + r). What is the final cost of a $40 item after an 8% tax is applied?

User Greg Charles
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I have no idea what formula that is, however, I simply would do 40-( 40*.08) = 36.8
User Andrew Allen West
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