the price of a trampoline before tax is $300. the sales tax is 4%. find the sales tax and the total price of…
the price of a trampoline before tax is $300. the sales tax is 4%. find the sales tax and the total price of the trampoline. enter both amounts in the table.
Answer
Explanation:
Step1: Calculate sales tax amount
The sales - tax is calculated as a percentage of the price before tax. The formula is $Sales\ tax = \text{Percentage of tax}\times\text{Price before tax}$. Given the price before tax is $300$ and the tax rate is $4%=0.04$. So, $Sales\ tax=0.04\times300$. $0.04\times300 = 12$
Step2: Calculate total price
The total price is the sum of the price before tax and the sales tax. The formula is $Total\ price=\text{Price before tax}+\text{Sales tax}$. We know the price before tax is $300$ and the sales tax is $12$. So, $Total\ price = 300 + 12$. $300+12=312$
Answer:
| Percentage | Amount ($) | |
|---|---|---|
| Total Price | 100% | 312 |
| Price Before Tax | 100% | 300 |
| Sales Tax | 4% | 12 |