Question

harley purchased a set of pens. including the 3% sales tax, harley payed $12.40. how much was the set of pens before tax?

Answer 1

The set of pens before tax is $12.77

What is a Sales Tax?

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.

What was the price of the pen set before taxes?

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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