What is sales tax?
PSL December 17, 2024

Flashcard
•
Mathematics
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
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.
2.
FLASHCARD QUESTION
Front
How do you calculate sales tax?
Back
To calculate sales tax, multiply the total price of the items by the sales tax rate (as a decimal).
3.
FLASHCARD QUESTION
Front
If an item costs $100 and the sales tax is 7%, how much is the sales tax?
Back
$7.00
4.
FLASHCARD QUESTION
Front
What is the total cost of an item including sales tax?
Back
Total cost = Item price + Sales tax.
5.
FLASHCARD QUESTION
Front
If Aung bought soccer supplies for $208.70, what is the total cost including 7% sales tax?
Back
Total cost = $208.70 + ($208.70 * 0.07) = $223.30.
6.
FLASHCARD QUESTION
Front
What is the formula to find the total cost including sales tax?
Back
Total Cost = Price + (Price * Sales Tax Rate).
7.
FLASHCARD QUESTION
Front
What is the sales tax on a $50 purchase with a 7% sales tax rate?
Back
Sales tax = $50 * 0.07 = $3.50.
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