jim bought a pair of shoes for $50 and laces for $1.if the sale tax is 7%,how much tax must he pay? $3.57 right
Right! :-)
To calculate the tax that Jim must pay, we can follow these steps:
1. Calculate the total cost of the shoes and laces. Add the cost of the shoes ($50) and the cost of the laces ($1): $50 + $1 = $51.
2. Determine the tax rate. The question states that the sales tax rate is 7%. We can convert this percentage to a decimal by dividing it by 100: 7 / 100 = 0.07.
3. Calculate the tax amount. Multiply the total cost by the tax rate: $51 * 0.07 = $3.57.
Therefore, Jim must pay $3.57 in taxes.