The car you want costs $25,750. If the sales tax rate is 6.5%, then how much sales tax will be added? What is the total cost for the car including tax
Mathematics · High School · Thu Feb 04 2021
Answered on
Given the statement:
The car you want costs $25,750. The sales tax rate is 6.5%.
Determine the sales tax added, and the total cost of the car.
Solution:
In order to determine the tax rate, we simply needed to multiply the decimal value of 6.5%. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 6.5/100
= 0.065
=($25,750)(0.065)
Sales Tax= $1673.75
Add the sales tax to the original price.
= $25,750 + $1673.75
=$27,423.75
Final answer:
Sales Tax= $1673.75
Total cost=$27,423.75