Question

Calculate the tax and total with tax if you purchase a laptop for $720 with sales tax of 6.25% using the process below:

Sales tax = purchase price · tax rate
Total cost = purchase price + sales tax

Answer 1

To find the sales tax for a $720 laptop with a sales tax rate of 6.25%, convert the percent to a decimal and multiply it by the purchase price to get $45.00. Add this to the original price for a total cost of $765.00.

Step-by-step explanation:

Calculating Sales Tax and Total Cost

To calculate the sales tax on a $720 laptop with a 6.25% sales tax rate, first convert the percentage to a decimal. This is done by dividing the percentage by 100, so 6.25% becomes 0.0625. Next, multiply the price of the laptop by this decimal:

Sales tax = $720 × 0.0625

Now calculate the amount of sales tax owed:

Sales tax = $45.00

Finally, add the sales tax to the original purchase price to find the total cost:

Total cost = $720 + $45.00

Total cost = $765.00

Therefore, the total cost of the laptop including sales tax is $765.00.