Question

A camera has a listed price of 587.99 before tax. If the sales tax rate is 7.75%, find the total cost of the camera with sales tax included.

Answer 1

Total cost = 633.559225

Explanation:

First we can calculate the tax cost for the camera: 7.75% × 587.99 = 45.569225

That is the tax sale or cost.

Then we calculate total cost by adding the listed price with the tax cost:

587.99 + 45.569225 = 633.559225

Just remember these simple equation:

Step 1: Tax Cost = Tax Percentage × Listed Price

Step 2: Total cost = Tax Cost + Listed Price (original price)

Hope this helps. :)