A camera has a listed price of 559.99 before tax. If the sales tax rate is 8.5%, find the total cost of the camera with sales tax included.
Round your answer to the nearest cent, as necessary.
To find the total cost of the camera with sales tax included, we can use the formula:
Total cost = Listed price + (Listed price * Sales tax rate)
Listed price = $559.99
Sales tax rate = 8.5% = 0.085
Substituting the values into the formula:
Total cost = $559.99 + ($559.99 * 0.085)
Total cost = $559.99 + $47.59915
Total cost = $607.58915
Rounding the answer to the nearest cent:
Total cost ≈ $607.59
Therefore, the total cost of the camera with sales tax included is approximately $607.59.
To find the total cost of the camera with sales tax included, you need to add the sales tax to the listed price.
Step 1: Calculate the sales tax amount.
The sales tax rate is 8.5%, which means you need to find 8.5% of $559.99.
8.5% of $559.99 = (8.5/100) * $559.99 = $47.60
Step 2: Add the sales tax to the listed price.
Listed price + Sales tax amount = $559.99 + $47.60 = $607.59
Therefore, the total cost of the camera with sales tax included is $607.59.
To find the total cost of the camera with sales tax included, you need to add the sales tax to the listed price.
Step 1: Calculate the amount of sales tax
The sales tax rate is 8.5%. To find the amount of sales tax, multiply the listed price by the tax rate in decimal form:
Sales tax = 559.99 * 0.085 = 47.59915
Step 2: Add the sales tax to the listed price
To find the total cost of the camera, add the sales tax to the listed price:
Total cost = 559.99 + 47.59915 = 607.58915
Step 3: Round the answer to the nearest cent
Rounding the total cost to the nearest cent gives us:
Total cost ≈ $607.59
Therefore, the total cost of the camera with sales tax included is approximately $607.59.