Question

The tax rate is 6.8%. What is the tax on $9.95?

Answer 1

Tax = 9.95 x
`(6.8)/(100)`

=
`(67.66)/(100)`

= $0.6766

Answer 2

$0.68

Explanation:

Convert the percentage to a decimal.

6.8% = 0.068

Multiply the amount by the decimal to find the tax.

9.95 × 0.068 = 0.6766

The tax is $0.68.