The set of pens before tax is $12.77
<h3>What is a Sales Tax?</h3>
A sales tax is a consumption tax levied by the government on the purchase of goods and services. A standard sales tax is imposed at the moment of sale, is collected by the retailer, and is then forwarded to the government. Depending on the regulations in that area, a business has a nexus there if it has an employee, an associate, a physical location, or some other presence.
<h3>What was the price of the pen set before taxes?</h3>
Harley purchase a set of pens:
Sales tax is 3%
Harley payed $12.40
first we need to convert the sales tax into decimal by moving the point two spaces to the left.
3% -------> 0.03
now we need to multiply the harley payed value to sales tax cost.
Sales tax = 0.03×$12.40
Sales tax = $0.037
Round to two decimal places since our total is in dollar or cents.
then sales tax = $0.37
Total set of pens before tax = $12.40+$0.37
The set of pens before tax is $12.77
To know more about sales tax visit:
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