A shopper bought shoes marked $40. The sales tax rate is 5%. How much is the total including sales tax?
Mathematics · Middle School · Sun Jan 24 2021
Answered on
Given:
Shoe price= $40
Sales tax = 5%
Determine the price including the sales tax.
Solution:
Find first the sales tax by multiplying the decimal value of 5% to 40. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 5/100
= 0.05
= ($40)(0.05)
=$2
Add the sales tax to the original price.
= $40 + $2
= $42
Final answer:
The final price is $42.