Question

a tv has a listed price of $845.99 before tax. if the sales tax rate is 7.5%, find the total cost of the tv with sales tax included. round your answer to the nearest cent, as necessary.

Explanation:

Step1: Convert tax rate to decimal

The sales tax rate is 7.5%, so convert it to a decimal by dividing by 100: \( 7.5\% = \frac{7.5}{100} = 0.075 \)

Step2: Calculate tax amount

Multiply the listed price by the tax rate: \( 845.99 \times 0.075 = 63.44925 \)

Step3: Calculate total cost

Add the tax amount to the listed price: \( 845.99 + 63.44925 = 909.43925 \)

Step4: Round to nearest cent

Round \( 909.43925 \) to the nearest cent (two decimal places), which is \( 909.44 \)

Answer:

\( \$909.44 \)