Increasing a number by 7 percent is the same as multiplying the number by 1.07. In this instance, 8.15 x 1.07 = 8.7205.
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$201.23
The total tax is $31.50 and the total price with tax is $481.45.
The total tax is $0.98 and the total price with tax is $14.97
That is 7 percent or 7%
7 percent of 40000