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March 27, 2017

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If the retail tax rate is 5 cents for every 1 dollar you spend, how much tax would you pay for a $0.15 item?

  • 5th grade - Math - ,

    A tax of $0.05 on every dollar is 5%.

    Multiply:

    0.05 * 0.15 = 0.0075

    0.0075 is rounded up to $0.01 or 1 cent for a 15 cent purchase.

  • 5th grade - Math - ,

    Your total is $0.16 or 16 cents.

  • 5th grade - Math - ,

    Thank you, I was very confused on how to solve it.

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