Calculating Sales Tax

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

• $95.79

• $98.79

• $100.00

• $87.00

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

• Total Cost = Purchase Price + Sales Tax Amount.

• Total Cost = Purchase Price - Sales Tax Amount.

• Total Cost = Purchase Price * Sales Tax Amount.

• Total Cost = Purchase Price / Sales Tax Amount.

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

• $70.00

• $72.00

• $73.50

• $75.00

How do you calculate sales tax?

• Multiply the purchase price by the sales tax rate (as a decimal).

• Add the purchase price to the sales tax rate.

• Divide the sales tax rate by the purchase price.

• Subtract the sales tax rate from the purchase price.

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

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

• Total Cost = Price - (Price x Sales Tax Rate)

• Total Cost = Price x (1 + Sales Tax Rate)

• Total Cost = Price / (1 - Sales Tax Rate)

What is sales tax?

• A fee charged by the government for services rendered

• A percentage of the purchase price added to the cost of goods and services, collected by the seller and paid to the government.

• A tax on income earned by individuals and businesses

• A flat rate charged on all purchases regardless of the item

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

• $550

• $575

• $600

• $525

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

• $850

• $900

• $990

• $1,000

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

• $3

• $5

• $7

• $10

How does sales tax affect consumers?

• Sales tax decreases the total amount consumers pay for goods and services.

• Sales tax has no effect on the total amount consumers pay for goods and services.

• Sales tax increases the total amount consumers pay for goods and services.

• Sales tax only affects businesses, not consumers.