grandmaster297
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sales tax- please help
SALES
- Thread starter grandmaster297
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Please post the full and exact text of the exercise, the complete instructions, a detailed description of any required table or graphic, and a clear listing of all of the steps you have tried thus far.grandmaster297 said:
Thank you.
Eliz.
grandmaster297
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thanks for replying but i dont get the basics
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Please define what you mean by "basics". Are you not familiar with how sales taxes work? Do you not know how to compute percentages? Something else?grandmaster297 said:
We can try to find some online lessons for you (since we cannot teach courses here), but it would be helpful if you narrowed down what you're looking for.
Thank you.
Eliz.
grandmaster297
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I dont know how to compute sales 
grandmaster297 said:I dont know how to compute sales
A sales tax is a part of the price added on to the cost. It's found by multiplying the tax % (as a decimal) times the cost of the item. The resulting amount is added to the cost to get the final cost plus tax.
Example: A shirt for $24.00. Tax is 6.75%.
cost ---> 24.00
times % x.0675 [6.75% = .0675 by moving the decimal 2 places left]
tax 1.62
final cost: $25.62 (24.00 + 1.62)
sagar1127 said:
Sagar, I would HOPE you understand that TchrQBic was giving an example of how one calculates sales tax.
Whether or not there is a sales tax on clothes, food, or other items depends on the particular state or municipality in which one lives.
In my state, there IS a tax on clothes. Food may or may not be subject to a sales tax....in the town I live in, food is not taxed, but in the neighboring community 7 miles down the road, it is.
TchrQBic's response was totally accurate as an explanation of how sales tax is calculated (and the particular type of item sold doesn't really affect anything....the method is correct.)