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March 26, 2017

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In a state with a 7% sales tax, how much tax must be paid on a shirt that sells for $16?

  • Math - ,

    16 * 0.07 = ?

  • Math - ,

    Almost, but the tax is not based on the final price. 16*.07 = 1.12

    However, if p is the original price,

    1.07p = 16.00
    p = 16.00/1.07 = 14.95
    16.00 - 14.05 = 1.05

    So, the 7% tax on a 14.95 shirt is 1.05, making the selling price 16.00

  • Math - ,

    On the other hand, you are probably right, since the price on the shirt is taxed at the register. I misinterpreted the question.

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