The price of a jacket is $48. If the sales tax rate is 5.5%, what is the amount of tax? What is the total cost of the jacket?
tax is $2.64
To find the amount of tax, you can multiply the price of the jacket by the sales tax rate. In this case, the price of the jacket is $48 and the sales tax rate is 5.5%.
Step 1: Convert the sales tax rate from a percentage to a decimal by dividing it by 100.
5.5% ÷ 100 = 0.055
Step 2: Multiply the price of the jacket by the sales tax rate in decimal form to find the amount of tax.
$48 × 0.055 = $2.64
Therefore, the amount of tax on the jacket is $2.64.
To find the total cost of the jacket, you need to add the price of the jacket and the amount of tax.
Step 3: Add the price of the jacket and the amount of tax.
$48 + $2.64 = $50.64
Therefore, the total cost of the jacket, including tax, is $50.64.
<<what is the amount of tax? >>
5.5% of $48
<<What is the total cost of the jacket>>
Add the tax to the price