SOLUTION: Find the sales tax. Remember to round answers to the nearest cent if necessary. 1.Price:$24,500 Tax:5% Sales tax:?

Algebra ->  Finance -> SOLUTION: Find the sales tax. Remember to round answers to the nearest cent if necessary. 1.Price:$24,500 Tax:5% Sales tax:?      Log On


   

Question 1173040: Find the sales tax. Remember to round answers to the nearest cent if necessary.
1.Price:$24,500
Tax:5%
Sales tax:?
Answer by ikleyn(52794) About Me  (Show Source):
You can put this solution on YOUR website!
.

Sales tax is 5% of the price, i.e.  0.05*24500 = 1225 dollars.


It is the sum, which a cashier adds to your bill (to $24500) at the exit from the store.

Solved and explained.

Do not forget to post your "THANKS" for my teaching.