Code the problem in Python 2. Problem 4

You've been hired to write a Python program for scanned items at a grocery mart. The scan is of the form [x, y, z] where x is the number of items purchased, y is the price of the item, and z is whether the item is taxable (7% tax on grocery items). For example, assume you were given the list below:

[[1, 1.45, 1], [3, 4.24, 1], [2, 14.00, 0], [4, 1.25, 1]]

This means the amount owed is:

amt=1(1.45)(1.07)+3(4.24)(1.07)+2(1 4.00)+4(1.25)(1.07)

=((1.45+12.72+5.00)1.07)+28.00

=19.17(1.07)+28.00

=20.51+28.00

=48.51

Be sure to add "comments" explaining what the code is doing.