Question

A laptop has a listed price of $703.98 before tax. If the sales tax rate is 9.25% , find the total cost of the laptop with sales tax included. Round your answer to the nearest cent, as necessary.

Answer 1

The cost of the laptop is $769.10

Explanation:

In this problem we are required to find the cost of the laptop when 9.25% of the cost is added as tax

we are given that the tax rate is 9.25% of the initial cost

and the initial cost is $703.98

let us calculate 9.25% of $703.98

(9.25/100)* 703.98= 0.0925*703.98= $65.12

Hence the charges for tax is $65.12

The total cost of the laptop when tax is included is

the initial cost Plus the tax charges= $703.98+$65.12= $769.098

$769.10