I need help on finding sales tax and discount
We'll be glad to help you if you post a couple of problems that have stumped you.
If i paid 1.25 in sales tax for an item i purchased. the sales tax rate was 5%. What was the price of the item before tax
Sure, I can help you with that! To find the sales tax and discount, you'll need a few pieces of information: the original price of the item, the sales tax rate, and the discount rate (if any). Let's go through the steps together:
1. Finding the sales tax:
- Determine the sales tax rate. This is usually a percentage that varies depending on your location. For example, let's say it's 8% for this example.
- Multiply the original price of the item by the sales tax rate (in decimal form - so 8% would be 0.08). This will give you the amount of sales tax.
- Add the sales tax to the original price to find the total price (original price + sales tax).
2. Finding the discount:
- Determine the discount rate (again, this is usually a percentage). Let's say it's 20% for this example.
- Multiply the original price by the discount rate (in decimal form). This will give you the discount amount.
- Subtract the discount amount from the original price to find the discounted price (original price - discount amount).
By following these steps, you can calculate both the sales tax and the discount. Remember to convert the rates into decimal form (divide by 100) before performing any calculations.