Answer: $104.79 (rounded to nearest penny)
Step-by-step explanation: Okay, so you know how you can multiply a number by a percent to get part of that number? Since you have the sales tax, 8%, you could multiply the original price by 8%, or 0.8, to get 7.76 (rounded to the nearest penny)- that's how much you would have to pay extra, since sales tax is an additional cost to your original price. From there you could just add 7.76 to 97.03 to get $104.79.
A shorter way:
Multiply by 108%, or 1.08, since you have to pay 100% of the cost plus an additional 8%. That will give you that exact amount without the extra step :)