Answer:
$699.52
Explanation:
Theres two ways to solve this.
(1) You can either find 7 percent of 653.76 and then add it on
or
(2) You can just multiply the tax with the 653.76
Option (1)
You find 7 percent of 653.76. Now percent means out of a hundred so 7 percent is really 7/100 or 0.07
Now you multiply 653.76 by 0.07 which is 45.76 (rounded to nearest cent)
Now add it up to the total.
653.76+45.76= $699.52
Option (2)
This is the easier method in my opinion. SInce you want to find the total of the product including tax. The tax is technically multiplying the total. The total of course is 653.76 and total means everything. Everything means 100%. So you can add 100% to the tax cause technically thats what your doing becuase you grinding 7percent of the total which is 100 percent. So in this case your price is increasing by 107 percent.
(Example)
So If you want to find 100 percent of a product it would be the same exact result. Like 100 percent of 653.76 is 654.76… So using that we can just add the amount of tax to the 100%. 100+7=107%
Proof that this works is this
usually when you want to find a percentage of something, you turn the percentage into a decimal then multiply. So 100 percent of 653.76 is 653.76*1.00 which is 653.76. So the 100 percent is a place holder to prevent you from doing more steps. Now just add 7 percent since your increasing the total by 7 percent (tax). Now its 653.76*1.07 which when solved you would get $699.52. The same exact result. Less steps same result.
Final answer: $699.52