To calculate the total cost of the canoe with sales tax included, you can follow these steps:
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Calculate the sales tax: \[ \text{Sales Tax} = \text{List Price} \times \text{Sales Tax Rate} \] Given:
- List Price = $389.99
- Sales Tax Rate = 6.25% = 0.0625
\[ \text{Sales Tax} = 389.99 \times 0.0625 = 24.3736875 \]
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Round the sales tax to the nearest cent: \[ \text{Sales Tax} \approx 24.37 \]
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Calculate the total cost: \[ \text{Total Cost} = \text{List Price} + \text{Sales Tax} \] \[ \text{Total Cost} = 389.99 + 24.37 = 414.36 \]
So, the total cost of the canoe with sales tax included is $414.36.