The final cost of the book is 9.12
A sales tax is one that is levied on both the selling of products and services to businesses and on the purchases of those same goods and services by consumers. It's a form of consumption tax, which means it charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax.
Solving the question:
Cost of the book = 9.95
Sale tax rate = 9%
Sale tax amount on 9.95 = 9.95/(9/100) = 9.12
Therefore, the final cost of the book is = 9.12
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