Find the sales tax. Then find the total cost of the item.

Question

Sales Tax
nbsp Selling Price nbsp
nbsp Rate of Sales Tax nbsp
nbsp Sales Tax nbsp
​$50.00
3​%
​?
Question content area bottom
Part 1
The sales tax is ​$
  
enter your response here.

Answer 1

To calculate the sales tax, you can use the following formula:

\[ \text{Sales Tax} = \text{Selling Price} \times \left(\frac{\text{Rate of Sales Tax}}{100}\right) \]

Given:

• Selling Price = $50.00
• Rate of Sales Tax = 3%

Using the formula:

\[ \text{Sales Tax} = 50.00 \times \left(\frac{3}{100}\right) = 50.00 \times 0.03 = 1.50 \]

So, the sales tax is $1.50.

Now, to find the total cost of the item, add the sales tax to the selling price:

\[ \text{Total Cost} = \text{Selling Price} + \text{Sales Tax} = 50.00 + 1.50 = 51.50 \]

In summary:

• Sales Tax = $1.50
• Total Cost = $51.50