Given
Cost = $24.50
Tax = 6.55%
Procedure
The total cost of the product would be the cost plus the value of taxes.
[tex]\begin{gathered} P=C+C\cdot T \\ P=24.50+24.50\cdot6.55\text{ \%} \\ P=26.10 \end{gathered}[/tex]The total amount would be $26.10