Question

4) Ivan bought two magazines for $4.95 each. Ifthe sales tax rate is 5%, what is the sales taxamount that he paid for both of the magazines?

Answer 1

The sales tax rate is given to be 5%.

If one magazine costs $4.95, then the cost of the two magazines will be:

`\Rightarrow4.95*2=\$9.90`

5% of $9.90 can be calculated to be:

`\Rightarrow(5)/(100)*9.90=0.495\approx0.50`

The sales tax amount is approximately $0.50.