Question

Find the amount of the sales tax and the total cost.

Answer 1

Given:

The cost of the item is $700 and the tax rate = 6%.

$\text{Sales tax=}\frac{\text{cost of item}\times tax\text{ rate}}{100}$

Substitute cost of the item = $700 and the tax rate = 6, we get

$\text{Sales tax=}\frac{700\times6}{100}$

$\text{Sales tax=}7\times6=42$

$\text{Sales tax= \ 42}$$\text{Total cost =cost of item + sales tax}$

Substitute cost of item=700 and sales tax=42, we get

$\text{Total cost =7}00+42=\text{ \ 742}$

Hence we get sales tax= $42 and total cost = $ 742.