PSL December 17, 2024

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 sales tax?

Back

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

Front

If an item costs $100 and the sales tax is 7%, how much is the sales tax?

Back

$7.00

Front

What is the total cost of an item including sales tax?

Back

Total cost = Item price + Sales tax.

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.

Front

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

Back

Total Cost = Price + (Price * Sales Tax Rate).

Front

What is the sales tax on a $50 purchase with a 7% sales tax rate?

Back

Sales tax = $50 * 0.07 = $3.50.

Front

If the total cost of items is $150, what is the sales tax amount at 7%?

Back

Sales tax = $150 * 0.07 = $10.50.

Front

What does it mean to round to the nearest cent?

Back

Rounding to the nearest cent means adjusting a number to two decimal places, where the second decimal place is the hundredths.

Front

If Aung's total purchase was $208.70, how much did he pay before tax?

Back

Price before tax = Total cost / (1 + Sales Tax Rate) = $208.70 / 1.07 = $195.00.