Question

Price: $35
Tax: 7.5%

Answer 1

The tax amount is $2.625.

To find the tax amount, you can use the formula:

`\[ \text{Tax Amount} = \text{Price} * \left(\frac{\text{Tax Rate}}{100}\right) \]`

Given:

- Price = $35

- Tax Rate = 7.5%

Substitute these values into the formula:

`\[ \text{Tax Amount} = 35 * \left((7.5)/(100)\right) \]`

Calculate the tax amount:

`\[ \text{Tax Amount} = 35 * 0.075 \]`

`\[ \text{Tax Amount} = 2.625 \]`

So, the tax amount is $2.625.

The probable question may be:

Calculate the tax amount if the price is $35 and the tax rate is 7.5%?