Question

An item has a listed price of $50. If the sales tax rate is 7%, how much is the sales tax (in dollars)?

Sales tax:

Answer 1

Answer: $3.50

Work Shown:

7% = 7/100 = 0.07

7% of $50 = 0.07*50 = 3.50

Extra info: The total price including tax would be 50+3.50 = 53.50 dollars. However, it seems like your teacher is only interested in the tax only.