A camera has a listed price of $682.95 before tax. If the sales tax rate is 9.75%, find the total cost of the camera with sales tax included.

Question

Round your answer to the nearest cent, as necessary.

Answer 1

To find the total cost of the camera with sales tax included, first calculate the amount of sales tax, and then add it to the original price of the camera.

1. Calculate the sales tax: \[ \text{Sales Tax} = \text{Price} \times \text{Tax Rate} \] \[ \text{Sales Tax} = 682.95 \times 0.0975 \]

   Performing the calculation: \[ \text{Sales Tax} = 682.95 \times 0.0975 \approx 66.661625 \]

2. Round the sales tax to the nearest cent: \[ \text{Sales Tax (rounded)} = 66.66 \]

3. Calculate the total cost: \[ \text{Total Cost} = \text{Price} + \text{Sales Tax} \] \[ \text{Total Cost} = 682.95 + 66.66 \]

   Performing the addition: \[ \text{Total Cost} = 749.61 \]

Thus, the total cost of the camera with sales tax included is $749.61.