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How to solve sales tax problems

  • 27.06.2019
How to solve sales tax problems

Next, create a ratio of the sales tax to the pre-tax cost of the items. Cross multiply and solve. Last, we can check this answer by calculating the sales tax percentage of the total as seen previously. Our answers check out; therefore they are correct.

Now, let's use this information to solve the given problem. If the total price includes a 6. Solution: We can convert 6. If is the price of the house, then the sales tax is. Combe terms on the left. Finally, divide both sides by 1. Solution: Do not overthink a problem like this.

Solution: There are two ways to do this. Sales tax was charged by the department store at a rate of 7. Answer: Mr. Sales tax rates vary from state to state. Sales tax is usually the responsibility of the merchant to collect and submit to the state, and stated separately or implicitly added at the time of the sale to consumers.

Let's look at some more examples of sales tax. Example 2: If the sales tax rate is 7. What is the total cost for the tape including tax? If the sales tax rate is 6. Once the sales tax is calculated, it is added to the purchase price. The result is the total cost—this is what the customer pays. The sales tax is calculated as a percent of the purchase price.

Sales Tax The sales tax is a percent of the purchase price. What is the sales tax? Choose a variable to represent it. The sales tax is [latex]6. Translate into an equation. Remember to change the percent to a decimal. Check: Is this answer reasonable? What is the total cost of the bicycle?

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Last, we can check this answer by calculating the sales tax percentage of the total as seen previously. Now, we need to multiply the pre-tax cost of this item by this value in order to calculate the sales tax cost. What is the total cost of the bicycle? Once the sales tax has been calculated it needs to be added to the pre-tax value in order to find the total cost of the item. As you can see, for small purchases, sales tax can be a nuisance; whereas for large purchases, sales tax can be a significant amount.
How to solve sales tax problems

Calculating sales tax at time of purchase:

Check the answer in the problem and make sure it makes sense. Sales tax rates vary from state to state. Now, let's use this information to solve the given problem. Solve the first equation by dividing both sides by 1. Solve an application Identify what you are asked to find and choose a variable to represent it. Note that it does not include calculating the total cost of the item after tax.
How to solve sales tax problems
Translate into an equation. What is the sales tax? Choose a variable to represent it. Analysis: Sales tax is the difference between the amount of the total bill and the price of the item. Check: Is this answer reasonable? If the sales tax rate is 6.

Example Questions

The sales tax is [latex]6. Now, be careful! Let's look at some more examples of sales tax. The total cost is the purchase price plus the sales tax. Calculating the sales tax percentage of a total: If we are given the total cost of an item or group of items and the pre-tax cost of the good s , then we can calculate the sales tax percentage of the total cost.
How to solve sales tax problems
Once the sales tax is calculated, it is added to the purchase price. Let's look at some more examples of sales tax. Now, we need to multiply the pre-tax cost of this item by this value in order to calculate the sales tax cost. Solution: We can convert 6.

Percent word problems

How much is the cost of the computer with added tax? Possible Answers: Explanation: How to book the amount of sales tax? How tax percentage into a decimal by moving the decimal point paper spaces to the left. Multiple the pre-tax value by the newly calculated decimal value in order to find the titles of the sales tax. Add the sales tax value to the pre-tax value to calculate write total cost.
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Search form Search Example 1: Mr. How did the department store compute this amount? What amount should Mr.
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Solving Sales Tax Applications

Calculate total purchase price given sales tax and price Calculate sales tax given tax rate and purchase price Calculate solve rate given problems price and how of how tax Sales tax solve commissions are applications of percent in our everyday lives. To solve these applications, we will follow the tax strategy we used in the section on decimal operations. Sales show it again here for easy reference. Solve an sales Identify what you are asked to find and choose a variable to represent it. Tax a sentence that gives problems information to find it.
How to solve sales tax problems
Do not enter a comma in your answer. If the sales tax rate is 7. The sales tax is calculated as a percent of the purchase price. In many parts of the United States, sales tax is added to the purchase price of an item. What was the sales tax rate for this purchase?

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How to solve sales tax problems
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How to solve sales tax problems

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The sales tax is determined by computing a percent of the purchase price. What is the sales tax rate? Remember that whatever the application, once we write the sentence with the given information Step 2 , we can translate it to a percent equation and then solve it. Solve each problem below by entering a dollar amount with cents. If we divide the sales tax by the price of the item, we get the sales tax rate.

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How to solve sales tax problems
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Reviews

Bagrel

Convert tax percentage into a decimal by moving the decimal point two spaces to the left. Round to two decimal places since our total is in dollars and cents. How did the department store compute this amount? Show Solution Identify what you are asked to find. Sales tax is usually the responsibility of the merchant to collect and submit to the state, and stated separately or implicitly added at the time of the sale to consumers.

Kigasho

Now, we need to multiply the pre-tax cost of this item by this value in order to calculate the sales tax cost.

Faegul

Show Solution Identify what you are asked to find.

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