Question

Find the sales tax in total cost of espresso machine that cost $46.95 the tax rate is 4% rounding your answer to the nearest cent

Answer 1

Given:

The total cost of espresso machine costs $46.95. and the tax rate is 4%.

To find:

Find the sales tax?

Step-by-step explanation:

`Sale\text{s tax=Sales tax percenatge}* pre-tax\text{ cost}`
`Total\text{ cost=Pre-tax value +Sales tax}`

Solution:

We will start by converting sales tax percentage into a decimal by moving

the point two spaces to the left.

6%=0.06

Now, we need to multiply the pre-max cost of this item by this value

in order to calculate the sales tax cost

`\begin{gathered} Sales\text{ tax=}0.04*46.95 \\ Sales\text{ tax=1.878} \end{gathered}`

Round to two decimal places

`Sales\text{ tax=\$1.88}`

Last, add this value of the pre-tax value of the item to find the total cost.

`\begin{gathered} Total\text{ cost=Pre tax value + Sales tax} \\ Total\text{ Cost=46.95+1.88} \\ Total\text{ cost=}48.83 \end{gathered}`

Hence, these are the required values.