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asked 10 months ago
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Sales tax is a percentage (per one hundred)
Let the purchase price = P
Tax percentage = T %
Sales Tax = T % of P
= (0.01) (T)(P)
Example
Purchase is $50
Tax percentage is 8 %
Sales tax = 8% of $50
= 0.01 x 8 x $50
Sales Tax = $4.00
Let the purchase price = P
Tax percentage = T %
Sales Tax = T % of P
= (0.01) (T)(P)
Example
Purchase is $50
Tax percentage is 8 %
Sales tax = 8% of $50
= 0.01 x 8 x $50
Sales Tax = $4.00
0
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