Find the amount of tax and the selling price. Round to the nearest cent. Original Price: \( \$ 74.53 \) Sales tax rate: \( 11 \% \) Tax amount \( \$ \) Selling price \( \$ \) \( > \) Next Question

To determine the **tax amount** and the **selling price**, follow these steps: 1. **Calculate the Tax Amount:** \[ \text{Tax Amount} = \text{Original Price} \times \text{Sales Tax Rate} \] Plugging in the values: \[ \text{Tax Amount} = \$74.53 \times 0.11 = \$8.1983 \] Rounded to the nearest cent: \[ \text{Tax Amount} = \$8.20 \] 2. **Calculate the Selling Price:** \[ \text{Selling Price} = \text{Original Price} + \text{Tax Amount} \] Plugging in the values: \[ \text{Selling Price} = \$74.53 + \$8.20 = \$82.73 \] **Final Answers:** - **Tax amount:** \$8.20 - **Selling price:** \$82.73