Question

The sales tax in your city is 4.4%, point, 4, percent, and an item costs $3dollar sign, 3 before tax. How much tax would you pay on that item? Round to the nearest hundredth or cent.

Answer 1

We are given an item cost before tax = $3.

Sales tax on item = 4.4% of the actual cost.

We are given actual cost = $3.

Therefore, 4.4 % of 3 = 0.044 × 3 = $0.132.

We need to round it to the nearest hundredth or cent that is upto two decimal places.

0.132 could be round to 0.13.

Therefore, $0.13 tax would you pay on that item on the given item cost $3.