Question

An item is priced at $13.42. If the sales tax is 4%, what does the item cost including sales tax? If necessary, round to the nearest cent

Answer 1

Total cost = $13.96

Explanation:

The total to be paid for the item is the addition of its price plus the taxes. That is:

`Total\,\,cost=13.42+0.04\,*\,13.42\\Total\,\,cost=13.42+0.5368\\Total\,\,cost==13.9568`

Which can be rounded to $13.96