Finding Total Cost (Sales Tax)

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is added to the total cost at the time of purchase.

Front

How do you calculate sales tax?

Back

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

Front

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

Back

Total Cost = Price + (Price × Sales Tax Rate) or Total Cost = Price × (1 + Sales Tax Rate).

Front

If an item costs $50 and the sales tax rate is 10%, what is the total cost?

Back

Total Cost = $50 + ($50 × 0.10) = $55.

Front

What is the sales tax on a $20 item with a 5% tax rate?

Back

Sales Tax = $20 × 0.05 = $1.00.

Front

If a board game costs $24.00 and the tax rate is 9%, what is the total cost?

Back

Total Cost = $24.00 + ($24.00 × 0.09) = $26.16.

Front

What is the total cost of a $10.00 steak dinner with an 8% tax rate?

Back

Total Cost = $10.00 + ($10.00 × 0.08) = $10.80.

Front

How much is the sales tax on a $39 skateboard with a 7% tax rate?

Back

Sales Tax = $39 × 0.07 = $2.73.

Front

What is the total cost of a digital wristwatch priced at $15.00 with a 5% tax rate?

Back

Total Cost = $15.00 + ($15.00 × 0.05) = $15.75.

Front

If a fruit smoothie costs $5.00 and the tax rate is 8%, what is the total cost?

Back

Total Cost = $5.00 + ($5.00 × 0.08) = $5.40.