Question

point) If you purchase an iPod that costs $339, how much sales tax will you pay if the rate is 8.375%?

Answer 1

The cost of the ipod is $339. The tax rate is 8.375%. Percentage is expressed in terms of 100. Therefore, the amount of sales tax would be

8.375/100 * 339

= 28.39

The sales tax is $28.39