Question

If a sweatshirt cost $45, and sales tax is 7%, how much tax did you pay?

Answer 1

Answer:

Step 1: take the total price and divide it by one plus the tax rate.

Step 2: multiply the result from step one by the tax rate to get the dollars of tax.

Step 3: subtract the dollars of tax from step 2 from the total price.

Pre-Tax Price = TP – [(TP / (1 + r) x r]

TP = Total Price

Answer 2

$48.15

Good Luck!!! :)