116k views
2 votes
Find the amount of taxes we will pay on a purchase of $1,444.70 with a tax rate of 6.8%. show all steps.

User Dbjohn
by
8.6k points

1 Answer

5 votes

Step 1

The purchase = $1444.70

The tax rate = 6.8%

Required; to find the taxes

Step 2

Find the taxes (x) using ratio


\begin{gathered} (1444.70)/(x)=(100)/(6.8) \\ 100x=\text{ 9823.96} \\ x=(9823.96)/(100) \\ x=\text{\$}98.2396 \\ x\approx\text{\$}98.24 \end{gathered}

Hence the amount of taxes paid on the purchase will be approximately $98.24

User Harry Wood
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories