An item is priced at $14.45. If the sales tax is 7%, what does the item cost including sales tax? If necessary, round to the nearest cent.

Question

A.
$15.46
B.
$13.44
C.
$15.32
D.
$14.87

Answer 1

C. $15.43

To find the cost including sales tax, multiply the price of the item by the sales tax rate:

$14.45 x 0.07 = $1.01

Add the sales tax to the original price of the item:

$14.45 + $1.01 = $15.46

Therefore, the item costs $15.46 including sales tax.