Question

A TV has a listed price of $671.98 before tax. If the sales tax rate is 7.5%, find the total cost of the TV with sales tax included.

Round your answer to the nearest cent, as necessary.

Answer 1

The price of the TV with the sales tax included is $ 722.38.

Explanation:

Given that a TV has a listed price of $ 671.98 before tax, and the sales tax rate is 7.5%, to find the total cost of the TV with sales tax included the following calculation must be performed:

671.98 + (671.98 x 0.075) = X

671.98 + 50.3985 = X

722.3785 = X

Therefore, the price of the TV with the sales tax included is $ 722.38.