Question

Find the sales tax and total cost of an espresso machine that costs $31.95 . The tax rate is 7%. Round your answer to the nearest cent.

Answer 1

Ok, so

We know that the tax rate is 7%, so, the sales tax will be:

($31.95 * 7) / 100

Which is equal to $2.24.

Now, the total cost will be the sum of the initial cost and the sales tax, which is:

($31.95 + $2.24), and this is $34.2