Question

The sales tax rate is 8%. If Jesse buys a carousel horse priced at $468, how much tax will he pay?

Answer 1

Jesse needs to pay $ 37.44 as tax amount

Solution:

Given that, Jesse buys a carousel horse priced at $468

The sales tax rate is 8%

To find: Tax amount paid

From given,

Cost price = $ 468

Tax rate = 8 %

Thus, tax amount paid is 8 % of 468

$Tax\ Amount = 8\% \times 468\\\\Tax\ Amount = \frac{8}{100} \times 468\\\\Tax\ Amount = 0.08 \times 468\\\\Tax\ Amount = 37.44$

Thus Jesse needs to pay $ 37.44 as tax amount