Math

posted by .

Midtown Antiques collects 4% sales tax on all sales. If total sales including tax are $1058.30, find the portion that is the tax. Round your answer to the nearest cent.

A)$40.70
B)$42.33
C)$1017.60
D)$30.70
E) none of the above

  • Math -

    4% of 1058.3 = B)

  • Math -

    Vanessa's answer is incorrect.

    The $1058.30 includes the 4% tax so it is really 1.04 of the the cost.
    Cost = 1058.30/1.04 = 1017.60

    So the sales were $1017.60 and the tax was $40.70

    Check: tax on $1017.60 = .04(1017.60) = $40.70
    for a total of $1017.60 + $40.70 = $1058.30

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Math

    please check my answer thanks :) The sales tax is 7% The purchase including sales tax is $676.24 what was tha total amount of sales tax ?
  2. math (ugh)

    Jermaine had dinner at his favorite restaurant. It the sales tax rate is 4% & the sales tax on the meal was $1.25, what was the total cost of the meal, including sales tax and a 15% tip
  3. Computer Science

    Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should …
  4. math

    A group of friends went to lunch. The bill, before sales tax and tip, was $37.50 . A sales tax of 8% was added. The group then tipped 18% on the amount after the sales tax was added. What was the amount, in dollars, of the sales tax?
  5. programming

    a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales …
  6. Math Problem (please help)

    State sales tax is based on retail price. An item that sells for $115.99 has a sales tax of $8.12. Find a mathematical model that gives the amount of sales tax y in terms of the retail price x. (Round the coefficient to two decimal …
  7. programming

    Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the …
  8. Programming c++

    a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales …
  9. math

    You find a sales receipt from a store that shows the total price as $40, and the total amount paid including sales tax as $42. a. Write an equation you can use to find the sales tax rate which is r. what is the equation so I tried …
  10. Gedeon

    You find a sales receipt from a store that shows the total price as $40, and the total amount paid including sales tax as $42. a. Write an equation you can use to find the sales tax rate r.

More Similar Questions