The price of a calculator is $12.50. The sales tax is 7.5%. How much will you pay for the calculator?
What is 12.50(1+.075)?
To find sales tax you need to multiply the cost of the calculator ($12.50) by the the rate of sales tax(7.5%) as a decimal. That equals .93. Then add that to the original amount to find your total.
To calculate the total amount you will pay for the calculator, you need to add the sales tax to the original price.
Step 1: Calculate the sales tax amount.
Sales Tax Amount = (Sales Tax Rate * Original Price) / 100
Sales Tax Amount = (7.5% * $12.50) / 100
Sales Tax Amount = ($0.9375)
Step 2: Add the sales tax amount to the original price.
Total Price = Original Price + Sales Tax Amount
Total Price = $12.50 + $0.9375
Total Price = $13.4375
Therefore, you will pay $13.4375 for the calculator.
To calculate the final price including sales tax, you need to add the sales tax amount to the original price.
Step 1: Calculate the sales tax amount
Sales tax amount = (7.5/100) * $12.50
To find the sales tax amount, divide the sales tax rate (7.5%) by 100 and then multiply it by the original price ($12.50).
Sales tax amount = (0.075) * $12.50
Sales tax amount = $0.9375
Step 2: Calculate the final price
Final price = Original price + Sales tax amount
Final price = $12.50 + $0.9375
Final price = $13.4375
Therefore, you will pay $13.4375 for the calculator.