Calculating Sales Tax & total or final cost

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 final price including sales tax?

Back

Final Price = Original Price + (Original Price × Sales Tax Rate)

Front

If a shirt costs $20 and the sales tax is 15%, what is the final price?

Back

Final Price = $20 + ($20 × 0.15) = $23

Front

What is the formula to find the sales tax amount?

Back

Sales Tax Amount = Original Price × Sales Tax Rate

Front

If a pair of pants costs $80 and the sales tax is 20%, what is the final price?

Back

Final Price = $80 + ($80 × 0.20) = $96

Front

What is the total cost with sales tax for an item priced at $17.95 with a tax rate of 6%?

Back

Total Cost = $17.95 + ($17.95 × 0.06) = $19.03

Front

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

Back

Total Cost = $70 + ($70 × 0.05) = $73.50

Front

How do you convert a percentage to a decimal for calculations?

Back

To convert a percentage to a decimal, divide by 100 (e.g., 15% = 0.15).

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 sales tax amount on a $50 item with a 8% sales tax?

Back

Sales Tax Amount = $50 × 0.08 = $4.