Question

When Tom purchased a new motorcycle, he paid a 5% sales tax. The amount of sales tax he paid was $265. What was the total cost of the motorcycle including the sales tax? Enter your answer in the box. $

Answer 1

Net Amount (excluding tax) : $5,300.00
Tax (5.0%) : $ 265.00
Gross Amount (including tax) : $5,565.00

Math:

`5300.00 * .05 = 265.00`

`5300.00 + 265.00 = 5565.00`