Calculating Sales Tax and Final Cost

What is the first step in calculating sales tax?

• Subtract the tax rate from the price

• Convert the tax rate to a decimal

• Multiply the price by the tax rate

• Add the tax rate to the price

How do you convert a percentage to a decimal?

• Divide by 10

• Move the decimal point two places to the left

• Move the decimal point two places to the right

• Multiply by 100

What is the decimal equivalent of 8%?

• 0.8

• 0.08

• 8.0

• 0.008

If an item costs $75 and the tax rate is 8%, how much is the sales tax?

• $8

• $7.50

• $5.75

• $6

What is the final price of an item that costs $75 with an 8% sales tax?

• $82

• $80

• $83

• $81

What is the decimal equivalent of 6.75%?

• 0.00675

• 6.75

• 0.0675

• 0.675

If an item costs $349.99 and the tax rate is 6.75%, how much is the sales tax?

• $22.50

• $23.62

• $24.50

• $23.75

What is the final price of an item that costs $349.99 with a 6.75% sales tax?

• $374.00

• $373.61

• $372.50

• $375.00

What should you do after calculating the sales tax?

• Subtract the sales tax from the original price

• Multiply the sales tax by the original price

• Divide the sales tax by the original price

• Add the sales tax to the original price

Which of the following is NOT a step in calculating the final price with sales tax?

• Multiply the price by the tax rate

• Convert the tax rate to a decimal

• Add the sales tax to the original price

• Subtract the tax rate from the original price