Cost and tax value of an object
Its calculated by
Total price = Cost + sales tax
Total price = 12 + 7% of 12
Now find 7% of 12
Then 12.00 represents 100%
So. 1.2 represnts 10%
And 1.2/2 = 0.6. Reprs. 5%
And. 1.2/5 = 0.24. Reprs. 2%
Now add 5% + 2% = 7% = 0.6 + 0.24 = 0.84
Then 7% is $0.84
Now finally add $12.00 + $0.84 = $12.84
Total price= $12.84