The sales tax adds $1.19 to the price.
The gross sales priceis the price that the customer pays, including sales tax. Thenet sales priceis the price without sales tax.
the answer is oringinal tax
Sales tax is on the purchase price not the value.
The total tax is $0.16 and the total price with tax is $2.75.
The sales tax is $6.51
The total tax is $1.93 and the total price with tax is $28.68
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
Price is 101.40 with sales tax of 6.5 what is the sales tax
Whatever percent of a dollar the sales tax for your state is, multiply that by the sale price for the amount of sales tax owed. example: sales tax = 5 cents on the dollar or .05 the sale price is $10,000.00 .05x10,000=$500.00
The sales tax will be $1.24 which will equal to $16.19 as the total price.
purchase price x percent sales tax .... then added to the original amount