Question

A camera cost $940. If the sales tax rate is 4%, what is the total price?

Answer 1

The correct answer is: $977.60

Step-by-step explanation:

The simplest way to find the total price after applying the sales tax is to get the 4% of $940 and then add that amount to $940 as follows:

Step-1:

4% of $940 =
`(4)/(100) * \textdollar 940 = \textdollar 37.60`

Step-2:

Now add the amount (found in step-1) to $940:

$940 + $37.6 = $977.60

Answer 2

Since a tax of 4% would be added to the cost price,

The total percentage = 100% + 4% = 104% of the cost

= 104% of 940

= (104/100) * 940

= 1.04 * 940

= 977.6

Total price = $977.60