For the sale of a $ 10 item with a discount of 30 % has a <em>sales</em> tax of $ 0.35.
<h3>How much money should we pay in sales tax?</h3>
In this question we must determine the amount of money needed to pay in taxes by the purchase of an item with a discount. <em>Sales</em> taxes are an example of <em>indirect</em> taxes, this kind of <em>indirect</em> tax is usually calculated on the basis of <em>total</em> costs, including discounts. The amount of money need for the sales tax is described below:
t = (r / 100) · (1 - d / 100) · c (1)
Where:
- d - Discount rate
- r - Sales tax rate
- c - Item price
- t - Sales tax total
If we know that d = 30, r = 5 and c = 10, then the sales tax total is:
t = (5/ 100) · (1 - 30 / 100) · 10
t = 0.35
For the sale of a $ 10 item with a discount of 30 % has a <em>sales</em> tax of $ 0.35.
To learn more on taxes: brainly.com/question/16423331
#SPJ1