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Think about it like this:

12.60 is 100% of the cost.


Since you are "adding" the tax on, 100% and 0.07% = 100.07%


The cost without tax is 100%, but you need to pay 100.07%, so multiply the number by 100.07%


Percents can be written as a decimal:

100% = 1 (as a decimal)

0.07% = 0.0007 (as a decimal)

100.07% = 1.0007


$12.60 x 1.0007 = $12.60882

If currency only goes as low as a cent, you would round to the cent.

$12.60882 = $12.61


The tax is one cent, increasing the total to $12.61.

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11y ago
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Q: What is the total cost is 12.60 item when 0.07 percent sales tax is added?
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