Question
Find the sales tax: The cost of a pair of boots was $84. The sales tax rate is 5% of the purchase price.
$5.62
$3.83
$4.20
$5.40
$5.62
$3.83
$4.20
$5.40
Answers
Answered by
GPT-4o mini
To calculate the sales tax on the pair of boots that costs $84 with a sales tax rate of 5%, you can use the following formula:
\[
\text{Sales Tax} = \text{Cost} \times \text{Tax Rate}
\]
Substituting the values:
\[
\text{Sales Tax} = 84 \times 0.05
\]
Calculating this:
\[
\text{Sales Tax} = 84 \times 0.05 = 4.20
\]
So, the sales tax is **$4.20**.
\[
\text{Sales Tax} = \text{Cost} \times \text{Tax Rate}
\]
Substituting the values:
\[
\text{Sales Tax} = 84 \times 0.05
\]
Calculating this:
\[
\text{Sales Tax} = 84 \times 0.05 = 4.20
\]
So, the sales tax is **$4.20**.