Question

Find the sales tax: The cost of a file cabinet is $250. The sales tax rate is 6.85% of the purchase price.


$36.62


$22.43


$21.20


$17.13

Answer 1

To find the sales tax, you need to multiply the cost of the item by the sales tax rate.

The cost of the file cabinet is \( \$250 \) and the sales tax rate is \( 6.85\% \).

First, convert the percentage to a decimal by dividing by 100:
\[
6.85\% = 0.0685
\]

Now, multiply the cost by the sales tax rate:
\[
\text{Sales Tax} = 250 \times 0.0685
\]

Calculating this gives:
\[
\text{Sales Tax} = 250 \times 0.0685 = 17.125
\]

Rounding \( 17.125 \) to two decimal places gives \( 17.13 \).

Therefore, the sales tax is **$17.13**.