Question

$74.00 sweatshirt; 5% tax
|

Answer 1

the tax amount is $3.7

Explanation:

Given that

The price of the sweatshirt is $74

And, there is a 5% tax

So we assume that We need to find out the tax amount

So here the following formula should be used

= Price of the sweatshirt × tax rate

= $74 × 0.05

= $3.7

Hence, the tax amount is $3.7

So the same would be considered and relevant