Answer:
Step-by-step explanation:
To find the sales tax on a purchased or sold item, first convert the sales tax percentage into the equivalent decimal fraction. If the sales tax rate is 5.5%, then the desired decimal fraction is 0.055. Next, multiply the selling price of the purchased or sold item by this decimal fraction. If, for example, the selling price is $100, the sales tax is 0.055($100) = $5.50
