Problem

Find the sales tax and total cost of an espresso machine that costs $\$ 38.95$. The tax rate is $4 \%$. Round your answer to the nearest cent. The sales tax is $\$$ The total cost is

Solution

Step 1 :Calculate the sales tax: \(38.95 \times 0.04 = 1.558\)

Step 2 :Calculate the total cost: \(38.95 + 1.558 = 40.508\)

Step 3 :Round the sales tax and total cost to the nearest cent: \(\boxed{1.56}\) and \(\boxed{40.51}\)

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Source: https://solvelyapp.com/problems/11037/

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