Answer:
$18.50
Explanation:
Before Tax Price: $30
Sales Tax Rate: 5%
After Tax Price: $18.50
How can you find how much the sales tax is? Let's say you're buying a $100 item with a sales tax of 5%. Your math would be simply:
[cost of the item] x [percentage as a decimal] = [sales tax]
- Step 1 : $30 x .05 (5%) = $1.50
- Step 2 : $30 + $1.50 = $31.50
- Step 3 : $50 - $31.50 = $18.50