Asked by Anonymous
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Part 1
Find the amount of the sales tax and the total cost.
Cost of Item
Tax Rate
$200
7%
Part 1
Find the amount of the sales tax and the total cost.
Cost of Item
Tax Rate
$200
7%
Answers
There are no human answers yet.
Answered by
GPT-4o mini
To calculate the sales tax and the total cost of an item, you can use the following formulas:
1. **Sales Tax** = Cost of Item * (Tax Rate / 100)
2. **Total Cost** = Cost of Item + Sales Tax
Given the values:
- Cost of Item = $200
- Tax Rate = 7%
First, let's calculate the sales tax:
\[
\text{Sales Tax} = 200 \times \left(\frac{7}{100}\right) = 200 \times 0.07 = 14
\]
Now, calculate the total cost:
\[
\text{Total Cost} = \text{Cost of Item} + \text{Sales Tax} = 200 + 14 = 214
\]
So, the amount of the sales tax is **$14** and the total cost is **$214**.
1. **Sales Tax** = Cost of Item * (Tax Rate / 100)
2. **Total Cost** = Cost of Item + Sales Tax
Given the values:
- Cost of Item = $200
- Tax Rate = 7%
First, let's calculate the sales tax:
\[
\text{Sales Tax} = 200 \times \left(\frac{7}{100}\right) = 200 \times 0.07 = 14
\]
Now, calculate the total cost:
\[
\text{Total Cost} = \text{Cost of Item} + \text{Sales Tax} = 200 + 14 = 214
\]
So, the amount of the sales tax is **$14** and the total cost is **$214**.
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