Questions: A camera has a listed price of 811.99 before tax. If the sales tax rate is 9.5%, find the total cost of the camera. Round your answer to the nearest cent, as necessary.
Transcript text: A camera has a listed price of $\$ 811.99$ before tax. If the sales tax rate is $9.5 \%$, find the total cost of the camera. Round your answer to the nearest cent, as necessary.
Solution
Solution Steps
Step 1: Calculate Sales Tax Amount
To find the sales tax amount, we use the formula:
Sales Tax Amount=Listed Price×Sales Tax Rate
Substituting the given values:
Sales Tax Amount=811.99×0.095=77.13905
Step 2: Calculate Total Cost
Next, we calculate the total cost by adding the sales tax amount to the listed price:
Total Cost=Listed Price+Sales Tax Amount
Substituting the values:
Total Cost=811.99+77.13905=889.12905
Step 3: Round Total Cost
Finally, we round the total cost to the nearest cent:
Total Cost (rounded)=889.13