Sally wants to purchase a new snowblower for $349.99. The local sales tax is 7.5%. How much sales tax will she have to pay? Round your answer to the nearest hundredth
To calculate the sales tax, we will multiply the price of the snowblower by the sales tax rate:
349.99 * 0.075 = $26.25
Sally will have to pay $26.25 in sales tax.
To calculate the sales tax Sally will have to pay, we can use the formula:
Sales Tax Amount = Price * Rate
where Price is the price of the snowblower and Rate is the sales tax rate.
Given that the price of the snowblower is $349.99 and the sales tax rate is 7.5%, we can now calculate the sales tax as follows:
Sales Tax Amount = $349.99 * 0.075
Sales Tax Amount ≈ $26.24925
Rounding to the nearest hundredth, the sales tax Sally will have to pay is approximately $26.25.
To calculate the amount of sales tax Sally will have to pay, we need to multiply the purchase price by the sales tax rate.
First, convert the sales tax rate from a percentage to a decimal by dividing it by 100:
7.5% = 7.5/100 = 0.075
Next, multiply the purchase price by the sales tax rate:
349.99 * 0.075 = 26.24925
Round the result to the nearest hundredth:
26.25
Therefore, Sally will have to pay $26.25 in sales tax.