career and financial management term 1\ncalculating the sales tax ii\ndirections: find the missing values…

career and financial management term 1\ncalculating the sales tax ii\ndirections: find the missing values for each problem. make sure to show your work. if needed, round your final answer to the nearest hundredth. (2nd digit after the decimal)\n| original price ($) | sales tax (%) | sales tax cost ($) | total price ($) |\n| ---- | ---- | ---- | ---- |\n| 1) $3000 | 9% | | |\n| 2) $325.00 | 6% | | |\n| 3) $150.00 | 7% | | |\n| 4) $895.50 | 3.5% | | |\n| 5) $1.25 | 10% | | |\n| 6) $2,099 | 7.9% | | |\n| 7) $29.97 | 12% | | |\n| 8) $150k | 7.3% | | |\n| 9) $125 | 10% | | |\n| 10) $12.5 | 10% | | |

career and financial management term 1\ncalculating the sales tax ii\ndirections: find the missing values for each problem. make sure to show your work. if needed, round your final answer to the nearest hundredth. (2nd digit after the decimal)\n| original price ($) | sales tax (%) | sales tax cost ($) | total price ($) |\n| ---- | ---- | ---- | ---- |\n| 1) $3000 | 9% | | |\n| 2) $325.00 | 6% | | |\n| 3) $150.00 | 7% | | |\n| 4) $895.50 | 3.5% | | |\n| 5) $1.25 | 10% | | |\n| 6) $2,099 | 7.9% | | |\n| 7) $29.97 | 12% | | |\n| 8) $150k | 7.3% | | |\n| 9) $125 | 10% | | |\n| 10) $12.5 | 10% | | |

Answer

Explanation:

Step1: Calculate sales - tax cost

The formula for sales - tax cost is $Sales\ Tax\ Cost = Original\ Price\times\frac{Sales\ Tax}{100}$.

Step2: Calculate total price

The formula for total price is $Total\ Price=Original\ Price + Sales\ Tax\ Cost$.

    • Sales Tax Cost: $3000\times\frac{9}{100}=30\times9 = 270$
    • Total Price: $3000 + 270=3270$
    • Sales Tax Cost: $325\times\frac{6}{100}=325\times0.06 = 19.5$
    • Total Price: $325+19.5 = 344.5$
    • Sales Tax Cost: $150\times\frac{7}{100}=150\times0.07 = 10.5$
    • Total Price: $150 + 10.5=160.5$
    • Sales Tax Cost: $895.50\times\frac{3.5}{100}=895.50\times0.035=31.3425\approx31.34$
    • Total Price: $895.50+31.34 = 926.84$
    • Sales Tax Cost: $1.25\times\frac{10}{100}=1.25\times0.1 = 0.125\approx0.13$
    • Total Price: $1.25+0.13 = 1.38$
    • Sales Tax Cost: $2099\times\frac{7.9}{100}=2099\times0.079 = 165.821\approx165.82$
    • Total Price: $2099+165.82 = 2264.82$
    • Sales Tax Cost: $29.97\times\frac{12}{100}=29.97\times0.12 = 3.5964\approx3.60$
    • Total Price: $29.97+3.60 = 33.57$
  8. Since $150k = 150000$
    • Sales Tax Cost: $150000\times\frac{7.3}{100}=1500\times7.3 = 10950$
    • Total Price: $150000+10950 = 160950$
    • Sales Tax Cost: $125\times\frac{10}{100}=125\times0.1 = 12.5$
    • Total Price: $125+12.5 = 137.5$
  • Sales Tax Cost: $12.5\times\frac{10}{100}=12.5\times0.1 = 1.25$
  • Total Price: $12.5+1.25 = 13.75$
Original Price ($) Sales Tax (%) Sales Tax Cost ($) Total Price ($)
3000 9% 270 3270
325.00 6% 19.5 344.5
150.00 7% 10.5 160.5
895.50 3.5% 31.34 926.84
1.25 10% 0.13 1.38
2099 7.9% 165.82 2264.82
29.97 12% 3.60 33.57
150000 7.3% 10950 160950
125 10% 12.5 137.5
12.5 10% 1.25 13.75