a camera has a listed price of $695.98 before tax. if the sales tax rate is 6.75%, find the total cost of…

a camera has a listed price of $695.98 before tax. if the sales tax rate is 6.75%, find the total cost of the camera with sales tax included. round your answer to the nearest cent, as necessary.

a camera has a listed price of $695.98 before tax. if the sales tax rate is 6.75%, find the total cost of the camera with sales tax included. round your answer to the nearest cent, as necessary.

Answer

Explanation:

Step1: Calculate sales tax amount

The sales - tax amount is found by multiplying the pre - tax price by the sales - tax rate. The sales - tax rate $r = 6.75%=0.0675$, and the pre - tax price $p = 695.98$. So the sales - tax amount $t=p\times r=695.98\times0.0675$. $t = 695.98\times0.0675=47.07865$.

Step2: Calculate total cost

The total cost $C$ is the sum of the pre - tax price and the sales - tax amount. So $C=p + t=695.98+47.07865$. $C=743.05865\approx743.06$.

Answer:

$743.06$