Question

An item sells for $40. The sales tax on

the item is 8%. What is the sales tax and
total cost?

Answer 1

sales tax = $3.20

total cost = $43.20

Explanation:

To calculate the sales tax on an item, multiply the price of the item by the tax percent in decimal form. To convert a percent to decimal form, divide the percent by (100).

Sales tax percent: 8%

In decimal form: 0.08

Multiply the sales tax in decimal form by the price of the item to find out the sales tax amount,

(item_price) * (sales_tax)

= (40) * (0.08)

= 3.2

Sales tax amount: $3.20

To find the total cost of the product, add the sales tax amount to the item price,

(item_price) + (sales_tax_amount)

= 40 + 3.20

= 43.20

Answer 2

$43.20 total

$3.20 sales tax

Explication:

40*1.08=43.2