Percent and Problem Solving: Sales Tax

1. The purchase price of a camcorder is $799. What is the total price if the sales tax rate is 7.5%?

799$ is the 100% price of the camcorder & you want to find out how much would 7.5% of the total price is, then add it to the total price. More explanation on how to do it:
799 100% ???? --------> 7.5% Using cross Multiplication: 7.5 * 799 = 5992.5 / 100 = 59.925"> − − − − − − − − > 100 < s p an > ???? − − − − − − − − > 7.5 < s p an > U s in g cross M u lt i pl i c a t i o n : < / s p an >< s p an > 7.5 ∗ 799 = 5992.5/100 = 59.925
Now you know that the sales taxes = 59.925 To find the total price of the camcorder (including the taxes), just add the sales taxes to the purchase price: 799"> < / s p an >< s p an > T o f in d t h e t o t a lp r i ceo f t h ec am cor d er ( in c l u d in g t h e t a x es ) , j u s t a dd t h es a l es t a x es t o t h e p u rc ha se p r i ce : < / s p an >< s p an > 799 + 59.925 = 858.925

Answered by cheyenneracca | 2024-06-10

The total cost is of $858.93.
To calculate the total price of a camcorder that costs $799 with a sales tax rate of 7.5%, you need to perform two steps:
Convert the sales tax rate from a percentage to a decimal by dividing by 100: 7.5% "/" 100 = 0.075.
Multiply the camcorder's purchase price by the decimal sales tax rate to find the amount of sales tax:
$799 x 0.075
= $59.925.
After calculating the sales tax, add it to the original purchase price to find the total cost: $799 + $59.925 = $858.925.
Since we typically round money to the nearest cent, the total price of the camcorder would be $858.93.

Answered by AliciaAugello | 2024-06-25

The total price of the camcorder, including a 7.5% sales tax, is calculated to be $858.93. This is done by converting the tax rate to a decimal, calculating the tax amount, and then adding it to the original price. After rounding, the total is confirmed as $858.93.
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Answered by AliciaAugello | 2024-10-16