A camera has a listed price of \( \$ 845.98 \) before tax. If the sales tax rate is \( 7.5 \% \), find the total cost of the camera with sales tax included. Round your answer to the nearest cent, as necessary.
Upstudy AI Solution
Answer
Solution
Answered by UpStudy AI and reviewed by a Professional Tutor


Beyond the Answer
To find the total cost of the camera with sales tax included, we first calculate the sales tax amount. The sales tax is calculated as follows: \[ \text{Sales Tax} = \text{Listed Price} \times \text{Sales Tax Rate} = 845.98 \times 0.075 \] Calculating the sales tax: \[ \text{Sales Tax} = 845.98 \times 0.075 = 63.4485 \] Now, rounding that to the nearest cent gives us: \[ \text{Sales Tax} \approx 63.45 \] Next, we add this sales tax to the listed price to get the total cost: \[ \text{Total Cost} = \text{Listed Price} + \text{Sales Tax} = 845.98 + 63.45 = 909.43 \] Therefore, the total cost of the camera with sales tax included is: \[ \boxed{909.43} \]