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

Answer 1

To calculate the total cost of the bench including sales tax, you need to follow these steps:

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

   \[ \text{Sales Tax} = 359.98 \times 0.0725 = 26.09755 \]

2. Round the sales tax to the hundredth place: \[ \text{Sales Tax} \approx 26.10 \]

3. Add the sales tax to the original price to get the total cost: \[ \text{Total Cost} = \text{Price} + \text{Sales Tax} = 359.98 + 26.10 \]

   \[ \text{Total Cost} = 386.08 \]

So, the total cost of the bench, including sales tax, is $386.08.