Question

Find the amount of the sales tax and the total cost.

Answer 1

Given:

The cost of the item is $700 and the tax rate = 6%.

`\text{Sales tax=}\frac{\text{cost of item}* tax\text{ rate}}{100}`

Substitute cost of the item = $700 and the tax rate = 6, we get

`\text{Sales tax=}(700*6)/(100)`

`\text{Sales tax=}7*6=42`

`\text{Sales tax= \$ 42}`
`\text{Total cost =cost of item + sales tax}`

Substitute cost of item=700 and sales tax=42, we get

`\text{Total cost =7}00+42=\text{ \$ 742}`

Hence we get sales tax= $42 and total cost = $ 742.