Answer:
Amount of tax = 26.93 (Approx.)
Step-by-step explanation:
Given:
Cost of computer = $398.50
Sales tax rate = 7.25% = 0.0725
Find:
Amount of tax
Computation:
Amount of tax = [Cost of computer x Sales tax rate] / [1+Sales tax rate]
Amount of tax = [398.50 x 0.0725] / [1+0.0725]
For this, you have to calculate LCM of denominators i.e., 7 and 11 that will be 77
Now, 77/7 = 11, so 4*11=44 & 77/11 = 7, so 6*7=42
44/77 and 42/77 is the answer
Answer: 54
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