State has 4% on all sales what is the cost for a taxable item whoes price is 672.00

Answer 1

To calculate the cost of a taxable item with a sales tax rate of 4%, you need to find the total cost including the tax amount.

First, calculate the tax amount by multiplying the price by the tax rate:
Tax amount = 672.00 * 0.04 = 26.88.

Next, add the tax amount to the price to find the total cost:
Total cost = 672.00 + 26.88 = 698.88.

Therefore, the cost for a taxable item whose price is $672.00 is $698.88.