Understanding Sales Tax Calculation

The video tutorial explains how to calculate sales tax on a suit priced at $1,483 with a 5% sales tax. It covers three methods: converting the percentage to a decimal and multiplying, using the percent equation, and using the percent proportion. Each method is demonstrated step-by-step, highlighting the conversion of percentages to decimals and the setup of equations and proportions. The tutorial emphasizes understanding the relationship between parts and wholes in percentage calculations.

What is the first step in calculating the sales tax on a suit priced at $1,483 with a 5% tax rate?

• Multiply the price by 5

• Convert the percentage to a decimal

• Add 5% to the price

• Subtract 5% from the price

How do you convert 5% into a decimal?

• Multiply by 10

• Divide by 100

• Multiply by 100

• Divide by 10

What is the product of 0.05 and 1,483?

• 74.11

• 74.1

• 74.115

• 74.15

Which keyword in the percent equation represents the unknown variable?

• Is

• Equals

• Of

• What

In the percent equation, what does the word 'of' signify?

• Multiplication

• Subtraction

• Division

• Addition

What is the denominator in the percent proportion method?

• The sales tax

• The percentage

• The price of the suit

• 100

In the percent proportion, what does the numerator represent?

• The total price

• The sales tax

• The percentage

• The whole amount

What operation is performed after setting up the percent proportion to solve for the unknown?

• Division

• Cross-multiplication

• Subtraction

• Addition

What is the final step in solving for the sales tax using the percent proportion?

• Subtract 100

• Add 100

• Divide by 100

• Multiply by 100

Which method would you choose to calculate sales tax if you prefer using equations?

• Direct multiplication

• Percent equation

• Percent proportion

• Decimal conversion