Question

A TV has a listed price of $578.98 before tax. If the sales tax rate is 8.25%, find the total cost of the TV with sales tax included.

Round your answer to the nearest cent, as necessary.

Answer 1

$626.75

Explanation:

First, we must find how much tax will be added to the TV's price:

Step 1: Convert the percentage to a decimal:

To convert a percentage to a decimal, divide it by 100

8.25/100 = 0.0825

Step 2: Multiply the TV's price by that decimal:

578.98 * 0.0825 = 47.76585

So $47.76585 will be added to the price

Now, we can calculate the total price:

Step 3: Add the tax we jsut calculated to the TV's price to find total price:

578.98 + 47.76585

= 626.74585

Step 4: Round to the nearest cent (2 decimal places)

626.75

So the total price is $626.75