Question

An item is priced at 14.47. If the sales tax is 7%, what does the item cost including sales tax?

Answer 1

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.