Question

Find the sales tax. Then find the total cost of the item.

Sales Tax
Selling Price $40.00 Rate of Sales Tax 3% Sales Tax ?

Answer 1

• tax: $1.20
• total cost: $41.20

Explanation:

The sales tax is found by multiplying the tax rate by the item price. The total cost will be the sum of the item price and the tax.

__

tax = 0.03 × $40 = $1.20

total cost = selling price + tax = $40 +1.20 = $41.20