Calculator: Add (Charge) 7.85% Sales Tax Rate to the Listed (Before Tax) Price, USD 113.99 (dollars). Calculate Final Tax Inclusive Value and the Amount of Added Sales Tax
Detailed answer:
1. Calculate the 'Amount of sales tax':
Formula:
Amount of sales tax =
Sales tax rate × Price without sales tax
Calculation:
Amount of sales tax =
7.85% × 113.99 =
7.85/100 × 113.99 =
7.85 ÷ 100 × 113.99 =
0.0785 × 113.99 =
8.948215 ≈
8.95 (Rounded to a maximum of 2 decimals)
2. Calculate the 'Price with sales tax':
Formula:
Price with sales tax =
Price without sales tax + Amount of sales tax
Calculation:
Price with sales tax =
113.99 + 8.948215 =
122.938215 ≈
122.94 (Rounded to a maximum of 2 decimals)
Answer: (scroll down)
Amount of sales tax ≈ $8.95 dollars Price with sales tax ≈ $122.94 dollars
Signs: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal;
Let's say that a person who lives in an area where the sales tax rate is 5% bought some cider for $50 dollars, then that person would have to pay a total of: