Question

If you purchase a DVD player that cost $625 how much sales tax will you pay to the nearest cent if the rate is 7.375%

Answer 1

We can get the tax pay by multiplying the total cost times the tax rate, and take into account that 7.375% = 7375/100000 that huge denominator comes from adding 100 more zeroes as the decimal places in the tax amount has, so we do have:
(7.375%)(625)
= (7375/100000)(625)
= 46.09
therefore, the 7.375% out of $625 is $46.09