Question

If a state has a 4% tax on all sales, what is the total cost for a taxable item whose price is $672.00?

Answer 1

$698.88

Explanation:

Price of the item = $672.00

State has a sales tax on all sales = 4%

Sales tax would be added = 672+(4% of 672.00)

= 672 + (0.04 × 672)

= 672 + 26.88

= $698.88

The total cost of the item with sales tax is $698.88