A TV has a listed price of $779.99 before tax. If the sales tax rate is 7.25% , find the total cost of the TV with sales tax included.
Round your answer to the nearest cent, as necessary.
To find the total cost of the TV with sales tax included, first, we need to calculate the amount of sales tax.
The amount of sales tax can be found by multiplying the listed price of the TV ($779.99) by the sales tax rate (7.25% or 0.0725):
Sales tax = $779.99 * 0.0725 = $56.49 (rounded to the nearest cent)
To determine the total cost, we need to add the sales tax to the original price:
Total cost = Listed price + Sales tax = $779.99 + $56.49 = $836.48 (rounded to the nearest cent)
Therefore, the total cost of the TV with sales tax included is $836.48.