Question

The listed price of a television is $621.95 before tax. If the sales tax rate is 6.5%, find the total cost of the television with sales tax included.

Answer 1

To 3 decimal places, the cost of the television is $662.377

Explanation:

Price = $621.95,

Sales tax = 6.5% of the price so,

Sales tax = (0.065)(621.95)

Sales tax = $40.42675

Hence including the tax, we have,

Total cost = Price + sales tax

Total cost = 621.95 + 40.42675

Total cost = $662.37675

Or, to 3 decimal places, $662.377