Question

An electronics store is selling a new TV for $640.00. If there is an 8% sales tax, what is the actual cost of the TV?

Answer 1

640/100=6.4
6.4*8=51.2
640+51.2=691.20
The price with 8% sales tax is $691.20

Answer 2

The price with 8% sales tax is $691.20.

We have given that,

An electronics store is selling a new TV for $640.00.

Sale tax=8%

We have to calculate actual cost of the TV

What is the for actual cost?

The amount of money that was paid to acquire a product or asset.

We have selling price is $ 640

Therefore we have to find 8% of 640 therefore

$=\frac{640}{100}\times 8$

Now we have ,640/100=6.4

and,6.4*8=51.2

So the actual price is,

640+51.2=691.20

The price with 8% sales tax is $691.20.

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