The city council has decided to add a 0.3% tax on motel and hotel rooms. If a traveler spends the night in a motel room that costs $55 before taxes, how much will the city receive in taxes from him?
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math - MathMate, Monday, October 18, 2010 at 6:03pm
Multiply the pre-tax cost by the tax rate to get the tax collected. In the given case,
pre-tax cost = $55
tax rate = 0.3% = 0.3/100 = 0.003
Tax collected = $55*0.003 = $0.17