Introduction
In today's fast-paced digital world, purchasing a new phone often includes various expenses, such as the device itself, accessories, and additional taxes. This article will guide you through the process of calculating the total cost for Gino, who is interested in buying a phone. We will walk you through the steps to include and calculate sales tax and the final total amount he needs to pay.
Assessing the Initial Cost
First, let us clarify the initial cost of the items Gino is interested in purchasing. Gino wants to get a phone priced at $758 and a case priced at $33.80.
Step 1: Calculate the total cost of the phone and case without sales tax.
Step 1 Calculations:
$758.00 $33.80 $791.80
Inclusion of Sales Tax
The next step in the process is to include the sales tax in the total cost. The sales tax rate is 10%.
Calculating Sales Tax
Step 2: Calculate the sales tax for the total cost of the phone and case.
Step 2 Calculations:
791.80 * 0.10 $79.18
Total Cost with Sales Tax
Step 3: Add the sales tax to the total cost of the phone and case to determine the final amount Gino will pay.
Step 3 Calculations:
$791.80 $79.18 $870.98
Implications in Different Regions
The tax calculations can vary based on the region in which Gino lives. In some sane countries, the sales tax is usually included in the ticket price of the product. Therefore, Gino only needs to pay $791.80.
For American Consumers: In the United States, the additional 10% sales tax may be applicable, resulting in a final total of $870.98.
Conclusion
Understanding how to calculate the total cost of a purchase, including sales tax, is a crucial skill for consumers. Whether Gino is in a country where the sales tax is included in the ticket price or not, it is essential to be aware of the additional costs. This article has shown us how to calculate the total amount Gino will pay for his phone and case purchase, taking into account the 10% sales tax in the United States.
Key Takeaways:
The base cost of the phone and case is $758.00 $33.80 $791.80. The sales tax on the total amount is 10%, computed as $791.80 * 0.10 $79.18. The final total amount Gino will pay in the US is $791.80 $79.18 $870.98.For further assistance or if you have additional questions about sales tax and total cost calculations, consult with a tax professional or local tax authority.