Question

A camera has a listed price of $839.98 before tax. If the sales tax rate is 6.25%, find the total cost of the camera with sales tax included. Round your answer to the nearest cent, as necessary.

Answer 1

• Listed price before tax = $839.98
• Sales tax rate = 6.25%

Now, 6.25% of $839.98 =

`(6.25)/(100) * \$ 839.98 \\ = (625)/(10000) * \$ (83998)/(100) \\ = \$(625 * 83998)/(1000000) \\ = \$(52498750)/(1000000) \\ = \$52.46875 =\$ 52.47`

Now, total cost of camera with sales tax included

= $839.98 + $52.47

= $892.45

Hence, answer is $892.45.