The total tax is $75.00 and the total price with tax is $1,575.00.
5 percent means 5 per 100 in 1500 there are 15 "hundreds" so for 1500 it is 5*15=75 total 1500+75=1575
The total price is 1575 dollars: 1500 x 1.05 (1 for the car, and .05 for 5 percent)
Actually he paid $1500 for the car. However there is also the $75 tax (1500x.05). So total cost including tax is $1575.
$75
The total tax is $75.00 and the total price with tax is $1,575.00.
4%
$1500 X 0.05 = $75. Add $1500 and $75 = $1, 575
The total tax is $1,920.00 and the total price with tax is $25,920.00
$1500 X 0.05 = $75. Add $1500 and $75 = $1, 575
The total tax is $400.80
14,800 + (14,800 * .065) = 15,762
A tax of 5% on a principal of $1500.00 can be calculated by:$1500 * 0.05 = $75where 5% = 0.05.So the total price would be the principal plus the tax:$1500 + ($1500 * 5%)= $1500 + ($1500 * 0.05)= $1500 + $75= $1575