The total tax is $1.75 and the total price with tax is $26.75
Journal entry is as follows: [Debit] Cash 525 [Credit] Sales 500 [Credit] Sales tax payable 25
39.55
25 PERCENT
Cuyahoga County Sales Tax RateAs of July 2007, it is 7.5%.As of October 2008 the sales tax was increased .25%, currently this remains in effect. Tax rates are 7.75% still in Nov 2009.
Sales = Cost of goods sold / 75% Sales = 100000 / .75 Sales = 133333 Prove sales = 133333 Less CGS = 100000 Gross profit = 33333 (25% of sales)
10 percent of 25 is 2.5. So, a 25 dollar item with 10 percent sales tax would be $27.50.
The total tax is $1.75 and the total price with tax is $26.75
9.75 % is just an abbreviation of 9.75/100. For sales tax, it simply means that for every $100 of stuff that you buy, you pay $9.75 in sales tax. There is no .25 percent left over.
25 percent off of 39.99 plus 6 percent sales tax results in a final cost of $31.79
19% of 25 dollars = 25*19/100 = 4.75 dollars.
The final price is $39.55
25*1.07 = 26.75 dollars
The total tax is $5.10 and the total price with tax is $107.10
The final cost of a 180 camera on sale for 25 percent off and a sales tax of 7 is 142.
They say UP 25% : 5% to 6.25 = + 25%
You can use it to figure out many things. One example would be to figure out how much a sale item will save you. Say your item is $25 but is on sale for 5 percent off. take 25 and minus 5 then hit the percent key. Another example would be for sales tax. If your tax is 5 percent and your buying something for $25 take the 25 and times it by 5 and hit the percent key. That will tell you how much to add to the $25
You would pay $18.38.