Find the amount of the sales tax and the total cost.

Question

Cost of Item
Tax Rate
  ​$300
8​%

Answer 1

To find the sales tax and the total cost, you can use the following steps:

1. Calculate the Sales Tax:

   • Sales Tax = Cost of Item × Tax Rate
   • In this case: \[ \text{Sales Tax} = 300 \times 0.08 = 24 \]

2. Calculate the Total Cost:

   • Total Cost = Cost of Item + Sales Tax
   • So: \[ \text{Total Cost} = 300 + 24 = 324 \]

Summary:

• Sales Tax: $24
• Total Cost: $324