SOLUTION: A 5% tax is imposed on the gross sales of liquor. How much tax is imposed on gross sales amounting to $2500.00?
We are dealing with money and percent, before we can combine them
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We are dealing with money and percent, before we can combine them
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Question 161987: A 5% tax is imposed on the gross sales of liquor. How much tax is imposed on gross sales amounting to $2500.00?
We are dealing with money and percent, before we can combine them we must work with same type of number; so lets change the percent to decimal (money number)
5% is the same as .05 (i.e. 5%/100%=5/100=.05)
Now to find the answer to this we just multiply the amount with the sales tax
2500(.05)=125.00 Answer by eperette(173) (Show Source):
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