A camera costs $940. If the sales tax rate is 4%, what is the total price?

Solution:

It is given that

Cost price = $940

Tax rate = 4%

We have to find the total price

Here total percentage = 100 + 4 = 104% of the cost

Total price = 104% of 940

= 104/100 × 940

So we get

= 1.04 × 940

= 977.60

Therefore, the total price is $977.60.

A camera costs $940. If the sales tax rate is 4%, what is the total price?

Summary:

A camera costs $940. If the sales tax rate is 4%, the total price is $977.60.