Question

The purchase price of a camcorder is $502. What is the total if the sales tax rate is 7.5%?

Answer 1

$539.65 (total)

Explanation:

The fastest way to calculate the total is to multiply $502 by (1 + 0.075), or

$502(1.075) = $539.65 (total)

Note: Here the '1' in (1 + 0.075) represents the purchase price and the '0.075' the sales tax.

Answer 2

The sales tax is

7.5% of 502 is 37.65

We solve this by making the equation 7.5*502 and dividing it by 100!

Explanation:

Hope this helps! BH