This is how to solve:
The formula for calculating the sales tax on a good or service is: selling price x sales tax rate and when calculating the total cost of a purchase, the formula is: total sale amount = selling price + sales tax.
Answer:
final sale price = $1.07p
Step-by-step explanation:
list price of item = $p
sales tax rate = 7% = 0.07
sales tax = 7% of $p
= 7% x $p
= 0.07 x $p
= $0.07p
final sale price = list price + sales tax
= p + 0.07p
= p(1 + 0.07)
= 1.07p
