An item is priced at 14.47. If the sales tax is 7%, what does the item cost including sales tax?
To find the cost including sales tax, you would first calculate the amount of sales tax by multiplying the price of the item by the sales tax rate:
Sales tax = 14.47 * 0.07 = 1.01
Then, add the sales tax to the original price of the item to get the total cost including sales tax:
Total cost = 14.47 + 1.01 = 15.48
Therefore, the item costs $15.48 including sales tax.