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Understanding Sales Tax: Calculating Prices with Tax Included

This guide explains the concept of sales tax and how it impacts your purchases. Sales tax is an additional charge added to most items, increasing their final price. To calculate the amount you'll pay, you need to increase the original price by the applicable tax rate. For instance, if you buy an item for $100.00 and the sales tax in your area is 7%, you'll need to add $7.00 to your purchase. This ensures you understand how taxes affect your total spending.

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Understanding Sales Tax: Calculating Prices with Tax Included

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  1. STEPS: Tax is an increase in the price. It is added to most purchases that you make. To find price with tax, you increase the original amount by that percent. EXAMPLE: You make a $100.00 purchase at a clothing store. The sales tax rate in your town is 7%. 100 increased by 7% is 100 (.07) = 7, you add this amount and get $107 total with tax.

    NOTES 4tax and tips

  2. STEPS: A tip is a percentage added to your total bill. A typical tip percentage when going out to dinner is 15%. To find price with tip, you increase the original amount by that percent. EXAMPLE: You make a $100.00 purchase at a restaurant. The service was good and you decide to tip 15%. 100 increased by 15% is 100 (.15) = 15, you add this amount and get $115 total with tip.

    NOTES 4tax and tips

  3. Victor went to the barber to get a haircut. The haircut costs $15. Victor gave the barber 20% tip. How much did Victor spend at the barber shop altogether? 2. Scott’s lunch bill is $11.79. He leaves a 15% tip. How much is the bill altogether? 3. Ashley wanted to buy a pair of boots. They cost $125. Sales Tax was 6% . How much was the sales tax? How much was the total bill?

    NOTES 4tax and tips

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