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Math

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

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  1. 4% of 1058.3 = B)

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  2. 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

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