Answer:
- tax: $1.20
- total cost: $41.20
Step-by-step explanation:
The sales tax is found by multiplying the tax rate by the item price. The total cost will be the sum of the item price and the tax.
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tax = 0.03 × $40 = $1.20
total cost = selling price + tax = $40 +1.20 = $41.20
