A camera has a listed price of
$718.98
before tax. If the sales tax rate is
9.25%
, find the total cost of the camera with sales tax included.
Round your answer to the nearest cent, as necessary.
$
The sales tax on the camera would be:
$718.98 x 0.0925 = $66.51
So the total cost of the camera with sales tax included would be:
$718.98 + $66.51 = $785.49
Rounded to the nearest cent, the total cost would be: $785.49.
To find the total cost of the camera with sales tax included, you can follow these steps:
Step 1: Convert the sales tax rate from a percentage to a decimal:
9.25% = 0.0925
Step 2: Calculate the amount of sales tax by multiplying the listed price by the sales tax rate:
Sales tax = $718.98 * 0.0925
Step 3: Add the sales tax to the listed price to find the total cost:
Total cost = $718.98 + Sales tax
Now, let's calculate the total cost:
Sales tax = $718.98 * 0.0925 = $66.50 (rounded to the nearest cent)
Total cost = $718.98 + $66.50 = $785.48
Therefore, the total cost of the camera with sales tax included is $785.48.