Step 1 :Given values are total purchase price = $28.08 and sales tax rate = 8%.
Step 2 :First, calculate the selling price using the formula: selling price = total purchase price / (1 + sales tax rate).
Step 3 :Substitute the given values into the formula: selling price = $28.08 / (1 + 0.08) = $26.00 (approximately).
Step 4 :Next, calculate the sales tax using the formula: sales tax = total purchase price - selling price.
Step 5 :Substitute the values into the formula: sales tax = $28.08 - $26.00 = $2.08 (approximately).
Step 6 :Final Answer: The selling price of the book is approximately \(\boxed{26.00}\) and the sales tax is approximately \(\boxed{2.08}\).