Question

an item is priced at $14.68. if the sales tax is 8%, what does the item cost including sales tax? if necessary, round to the nearest cent.

a. $13.51
b. $15.56
c. $15.16
d. $15.85

Explanation:

Calculate the sales tax amount

$$ \text{Sales Tax} = \$14.68 \times 0.08 = \$1.1744 $$

Calculate the total cost including tax

$$ \text{Total Cost} = \$14.68 + \$1.1744 = \$15.8544 $$

Round to the nearest cent

$$ \text{Total Cost} \approx \$15.85 $$

Answer:

• A. $13.51
• B. $15.56
• C. $15.16
• D. $15.85 (Correct answer)