Okay, we are tasked with adding 73 and 481. Let's begin!

Step 1: We'll start by adding the digits 3 & 1 in column 1 and get 4.

Step 2: We'll start by adding the digits 7 & 8 in column 2 and get 15.
We'll write down the last digit 5 and carry the 1 to the next column.

Step 3: We'll start by adding the digits 0 & 4 in column 3 and get 5.

So, 73 + 481 = 554.

