Calculating Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.

Front

How do you calculate the total cost including sales tax?

Back

Total Cost = Original Price + (Original Price × Sales Tax Rate)

Front

If a product costs $100 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $100 + ($100 × 0.05) = $105

Front

What is the formula to find the sales tax amount?

Back

Sales Tax Amount = Original Price × Sales Tax Rate

Front

If a shirt costs $50 and the sales tax is 8%, how much is the sales tax?

Back

Sales Tax = $50 × 0.08 = $4

Front

What is the final price of an item that costs $20 with a sales tax of 6%?

Back

Final Price = $20 + ($20 × 0.06) = $21.20

Front

How do discounts affect the final price before sales tax?

Back

Final Price = (Original Price - Discount) + Sales Tax on the discounted price.

Front

If a TV costs $900 and the sales tax is 10%, what is the total cost?

Back

Total Cost = $900 + ($900 × 0.10) = $990

Front

What is the final price of a raincoat that costs $39.99 with a sales tax of 7%?

Back

Final Price = $39.99 + ($39.99 × 0.07) = $42.79

Front

If a pair of jeans costs $89 and the sales tax is 11%, what is the total amount paid?

Back

Total Amount = $89 + ($89 × 0.11) = $98.79