The subtotal of your computer purchase was $398.50. If the sales tax rate is 7.25%, how much will you pay in tax for the computer?

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The answer is NOT 54.97

Don't forget to convert the percent into a decimal.

Respuesta :

Answer:

Amount of tax = 26.93 (Approx.)

Step-by-step explanation:

Given:

Cost of computer = $398.50

Sales tax rate = 7.25% = 0.0725

Find:

Amount of tax

Computation:

Amount of tax = [Cost of computer x Sales tax rate] / [1+Sales tax rate]

Amount of tax = [398.50 x 0.0725] / [1+0.0725]

Amount of tax = 26.93 (Approx.)

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