If sales tax is 7.5%, what is the final cost of an $18 sweater after taxes are applied? (Round to nearest cent)

Answer 1

To calculate the final cost of the sweater after applying sales tax, you can follow these steps:

1. Calculate the sales tax amount: \[ \text{Sales tax} = \text{Price} \times \text{Sales tax rate} = 18 \times 0.075 = 1.35 \]

2. Add the sales tax to the original price to find the final cost: \[ \text{Final cost} = \text{Price} + \text{Sales tax} = 18 + 1.35 = 19.35 \]

Thus, the final cost of the sweater after taxes are applied is $19.35.