To calculate the total price of the camera including sales tax, you’ll first need to determine the amount of sales tax that will be added to the original price of the camera.
Here’s how to do it step by step:
- Calculate the Sales Tax: To find the sales tax amount, multiply the original price of the camera by the sales tax rate. The formula is:
Sales Tax = Original Price × Sales Tax Rate
For this camera:
Sales Tax = $940 × 0.04 = $37.60
- Add the Sales Tax to the Original Price: Once you have the sales tax amount, add it to the original price of the camera to get the total price.
Total Price = Original Price + Sales Tax
So, in this case:
Total Price = $940 + $37.60 = $977.60
Thus, the total price of the camera after including the sales tax would be $977.60.