Answer:
[tex] c= 40(1+0.08) = 40*1.08= 43.2[/tex]
The final cost would be $43.2
Step-by-step explanation:
For this case from the notation given we know that the final cost is given by C and the formula is:
[tex] C= p(1+r)[/tex]
Where C is the final cost, p the price of the item before tax and r the tax on fraction. And for this case we want to find the final value with 8% of tax so we can do the following operation:
[tex] c= 40(1+0.08) = 40*1.08= 43.2[/tex]
The final cost would be $43.2
