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If there is an 8% tax on 1.00 item what is the total amount of the transaction
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If there is an 8% tax on 1.00 item what is the total amount of the transaction

User Wowzaaa
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1 Answer

2 votes
$1.08
you would multiply your cost (1.00) by 8% which is equivalent to .08 and then add to to the original cost. or to skip the middle step just multiply it by 1.08 since you are adding the 8% to 100% of the original cost
User Justin Giboney
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