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lisabon 2012 [21]
4 years ago
13

The city of Savannah recently increased their sales tax from 7% to 8%. How much more tax will you pay on a $20 purchase?

Mathematics
2 answers:
choli [55]4 years ago
8 0
<h2>Answer</h2>

You will pay $0.20 (20 cents) more on a $20 purchase.

<h2>Explanation</h2>

To find a percentage of any number we just need to multiply the number by the percentage and divide by 100

First, we'll find the 7% of $20:

\frac{7*20}{100} =\frac{140}{100} =1.40

Next, we'll find the 8% of $20:

\frac{8*20}{100} =\frac{160}{100} =1.60

Finally, we just need to subtract $1.40 form $1.60:

Tax Increment=1.60-1.40=0.20

We can conclude that after the increasing of sales tax from 7% to 8%, you will pay $0.20 (20 cents) more on a $20 purchase.

Margarita [4]4 years ago
3 0
7% sales tax on 20$ is $1.40, 8% sales tax on 20 is $1.60,. You will have to pay 20 cents more on a $20 dollar purchase.
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