Question

A TV has a listed price of $767.99 before tax. If the sales tax rate is 7.75%, find the total cost of the TV with sales tax included. Round your answer to the nearest cent, as necessary.

Answer 1

• Listed price of TV = $767.99 (before tax)
• Sale tax rate = 7.75%
• Total cost of TV with sales tax included = ?

Total price = Listed price + Amount of tax.

Now, amount of tax = $767.99 × 7.75%

`= (\$767.99 * 7.75)/(100) \\ = (\$76799 * 775)/(100 * 100 * 100) \\ = (\$59519225)/(1000000) \\ =\$ 59.519225 \\ = \$59.52`

Now, Total price = Listed price + Amount of tax

`\tt : \implies total \: price = \$ 767.99 + \$59.52 \\ \tt : \implies total \: price = \$ 827.51`

Hence, the answer is $827.51.