Understanding Sales Tax Calculation

The video tutorial explains how to calculate the sales tax on a suit priced at $1,249 with an 8% sales tax rate. It guides viewers through setting up a percent equation, converting the percentage to a decimal, and using a calculator to find the sales tax amount. The tutorial also discusses how to determine the total cost of the suit by adding the sales tax to the original price.

What is the initial price of the suit before tax?

• $1348.92

• $1200

• $1249

• $1300

What is the sales tax rate applied to the suit?

• 12%

• 5%

• 8%

• 10%

How do you convert a percentage to a decimal?

• Multiply by 100

• Divide by 10

• Divide by 100

• Add 0.1

What is the decimal equivalent of 8%?

• 0.008

• 0.8

• 0.08

• 8.0

What is the formula to calculate the sales tax?

• Sales Tax = Price x Rate

• Sales Tax = Price + Rate

• Sales Tax = Price / Rate

• Sales Tax = Price - Rate

What is the calculated sales tax on the suit?

• $124.90

• $100.00

• $99.90

• $99.92

What is the total cost of the suit including sales tax?

• $1348.92

• $1350.00

• $1249.00

• $1349.00

What should you add to the price of the suit to find the total cost?

• The original price

• A service fee

• The sales tax

• A discount

What is the focus of the original question in the video?

• Understanding the profit margin

• Determining the discount

• Finding the sales tax

• Calculating the total cost

What might similar problems ask for besides sales tax?

• The profit margin

• The discount rate

• The original price

• The total cost