Question

In Las Vegas, the sales tax is 8.375%. How much sales tax would there be on a $750 flat screen TV? * ​

Answer 1

Explanation:

Sales tax = $750 × 0.08375 = $62.8125

Answer 2

`\boxed {\boxed {\sf \$62.81}}`

Explanation:

To find the sales tax, multiply the price by the tax rate.

`sales \ tax=price * tax \ rate`

The price of the TV is $750 and the tax rate is 8.375%, but we must convert it to a decimal. Divide by 100 or move the decimal place two spots to the right.

• 8.375/100=0.08375 or 8.3750⇒.8375⇒ 0.08375

Substitute the values into the formula.

`sales \ tax= 750*0.08375\\sales \ tax= 62.8125`

Round to the nearest cent, which is the hundredth place. The 2 in the thousandth place tells us to leave the 1.

`sales \ tax = 62.81`

The sales tax on the TV is approximately $62.81.