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29 votes
Finn goes to the store and buys a bike for $70. The store has a sales tax rate of 8% How much tax will Finn have to pay?

User Frankstuner
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1 Answer

13 votes
13 votes

Given:

a.) Finn goes to the store and buys a bike for $70.

b.) The store has a sales tax rate of 8%.

To be able to determine the amount that Finn will pay, we will be using the following equation:


\text{Tax = Price of bike x }\frac{\text{ Tax rate}}{100}

We get,


\text{Tax = Price of bike x }\frac{\text{ Tax rate}}{100}
\text{ = \$70 x }(8)/(100)
\text{ = \$70 x }0.08
\text{= \$5.60}

Therefore, Finn will be paying $5.60 for the sales tax of buying a $70 bike.

User Wells
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2.8k points
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