determining the final cost of an item\nthe tax rate as a percent, r, charged on an item can be determined…

determining the final cost of an item\nthe tax rate as a percent, r, charged on an item can be determined using the formula c/p - 1 = r, where c is the final cost of the item and p is the price of the item before tax. louise rewrites the equation to solve for the final cost of the item: c = p(1 + r). what is the final cost of a $40 item after an 8% tax is applied?\n$____

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