The 7% sales tax on a $6.50 is 45 cents, increasing the cost to $6.95
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The total price with the discount and sales tax is: $55.64
The sales tax is $75.00, making the final cost $1,575.00
The total price with sales tax is $8.17
The final price of the item, including the discount and sales tax, is: $73.44
5 percent is 5/100 = 0.05 19.99 x 0.05 = 0.9995 which rounds to $1.00