You buy a bench that is $359.98. Sales tax is 7.25%. What is total cost? (hundredth)

Answer 1

To find the total cost of the bench including sales tax, we can follow these steps:

1. Calculate the sales tax: \[ \text{Sales Tax} = \text{Price} \times \text{Sales Tax Rate} \] \[ \text{Sales Tax} = 359.98 \times 0.0725 = 26.0915 \]

2. Round the sales tax to the nearest hundredth: \[ \text{Sales Tax} \approx 26.09 \]

3. Add the sales tax to the original price to find the total cost: \[ \text{Total Cost} = \text{Price} + \text{Sales Tax} \] \[ \text{Total Cost} = 359.98 + 26.09 = 386.07 \]

Thus, the total cost of the bench, including sales tax, is $386.07.