Knowee
Questions
Features
Study Tools

What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?

Question

What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?

🧐 Not the exact question you are looking for?Go ask a question

Solution

The equation to calculate the sales tax amount would be:

Sales Tax Amount = Purchase Price * Sales Tax Rate

In this case, the purchase price is $32 and the sales tax rate is 4% (or 0.04 when expressed as a decimal). So, the equation would be:

Sales Tax Amount = $32 * 0.04

Similar Questions

If an item is purchased for $30 and the sales tax rate is 5%, what equation would correctly calculate the sales tax?Sales tax = Sales tax = Sales tax = Sales tax =

An item costs $370 before tax, and the sales tax is $33.30.Find the sales tax rate. Write your answer as a percentage.%

What equation would correctly calculate the total amount if an item costs $50 and the sales tax amount is ?

What does the amount represent when calculating the sales tax?

Which of the following is the correct sales tax equation?sales tax rate = sales tax amount purchase pricepurchase price = sales tax rate sales tax amountsales tax amount = sales tax = sales tax rate purchase price

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.