Calculating Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price added to the cost of goods and services, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the purchase price by the sales tax rate (as a decimal).

Front

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

Back

$5

Front

What is the total cost of a product including sales tax?

Back

Total Cost = Purchase Price + Sales Tax Amount.

Front

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

Back

$990

Front

If a game costs $70 and the sales tax is 5%, what is the total cost?

Back

$73.50

Front

If a phone costs $500 and the sales tax is 15%, what is the total cost?

Back

$575

Front

If a cake costs $75 and the sales tax is 10%, what is the total cost?

Back

$82.50

Front

If jeans cost $89 and the sales tax is 11%, what is the total cost?

Back

$98.79

Front

What is the formula to find the total cost including sales tax?

Back

Total Cost = Price + (Price x Sales Tax Rate).