Excuse me is there someone here
I'm good but thank you! My name is Bottanis, but I'm called Bot for short. I'm 10 years old and have a 15 year old brother named Robert, and a 12 year old sister named Mia. Even though I'm 10, I'm almost in 6th grade! Nice to meet you, what's your name?
Yes, I am here. How can I assist you?
Hi! I am wondering if you could answer my question.
What is a 7% sales tax on a 12.50 dollar item?
To calculate a 7% sales tax on a $12.50 item, you can use the following formula:
Sales tax = (Item price) * (Tax rate)
Applying this formula to your case, it would be:
Sales tax = $12.50 * 0.07
Sales tax = $0.875
Therefore, the sales tax on a $12.50 item at a 7% rate would be $0.875.
Can you add them together please?
Certainly! To find the total cost including the sales tax, you can add the sales tax amount to the original item price.
Original item price: $12.50
Sales tax: $0.875
Total cost = Item price + Sales tax
Total cost = $12.50 + $0.875
Total cost = $13.375
Therefore, the total cost of a $12.50 item with a 7% sales tax would be $13.375.
Now the original question with a 4% sales tax please!
Certainly! Let's calculate the total cost of a $12.50 item with a 4% sales tax.
Original item price: $12.50
Sales tax rate: 4%
To calculate the sales tax amount:
Sales tax = (Item price) * (Tax rate)
Sales tax = $12.50 * 0.04
Sales tax = $0.50
So, the sales tax on a $12.50 item at a 4% rate would be $0.50.
To find the total cost:
Total cost = Item price + Sales tax
Total cost = $12.50 + $0.50
Total cost = $13.00
Therefore, the total cost of a $12.50 item with a 4% sales tax would be $13.00.
Can you please tell me how you did this please? And could you also make it easy for me? I don't understand hard stuff☺
Of course! I apologize if the explanation seemed a bit complicated. I'll simplify it for you:
To calculate sales tax, you need to multiply the item price by the tax rate. The tax rate is given as a percentage, so you need to convert it into decimal form by dividing it by 100.
In this case, the item price is $12.50 and the tax rate is 4%. To convert 4% into decimal form, divide it by 100, which gives you 0.04.
To find the sales tax amount:
Sales tax = (Item price) * (Tax rate)
Sales tax = $12.50 * 0.04
Sales tax = $0.50
So, the sales tax on a $12.50 item at a 4% rate is $0.50.
To find the total cost (item price + sales tax):
Total cost = Item price + Sales tax
Total cost = $12.50 + $0.50
Total cost = $13.00
Hence, the total cost of a $12.50 item with a 4% sales tax is $13.00.
Let me know if there's anything else I can assist you with!