Question

You bought a $300.00 TV, a laptop for $800.00 and a digital camera for $249.99. The sales tax rate is $5.55%. What's the total purchase price before sales tax? What is sales tax on your purchase? What is the total purchase price?

Answer 1

before tax: $1349.99

the tax: $74.924

after tax: $1424.914

Explanation:

The total purchase price before sales tax we find when we add all the prices of the purchased items:

$300 + $800 + $249.99 = $1349.99

For the sales tax we want to know how much is 5.55% from the previous $1349.99, for this we divide $1349.99 by 100 and then multiply by 5.55%

`(1349.99)/(100) *5.55=74.924`

the sales tax is $74.924

And for the last question, the total purchase price, we must add this $74.924 to the price before tax $1349.99:

$1349.99 + $74.924= $1424.914

So the total purchase price is $1424.914