Asked by Michelle

In a state with a 7% sales tax, how much tax must be paid on a shirt that sells for $16?

Answers

Answered by Ms. Sue
16 * 0.07 = ?

Answered by Steve
Almost, but the tax is not based on the final price. 16*.07 = 1.12

However, if p is the original price,

1.07p = 16.00
p = 16.00/1.07 = 14.95
16.00 - 14.05 = 1.05

So, the 7% tax on a 14.95 shirt is 1.05, making the selling price 16.00
Answered by Steve
On the other hand, you are probably right, since the price on the shirt is taxed at the register. I misinterpreted the question.
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions