Question

a camera has a listed price of $856.95 before tax. if the sales tax rate is 8.25%, find the total cost of the camera with sales tax included. round your answer to the nearest cent, as necessary.

Explanation:

Step1: Convert tax rate to decimal

$8.25\% = \frac{8.25}{100} = 0.0825$

Step2: Calculate total cost multiplier

$1 + 0.0825 = 1.0825$

Step3: Compute total cost

$\$856.95 \times 1.0825$
$\approx 856.95 \times 1.0825 = 927.648375$

Step4: Round to nearest cent

Round $927.648375$ to two decimal places

Answer:

$\$927.65$