Calculator: Add (Charge) 5% Sales Tax Rate to the Listed (Before Tax) Price, USD 4,750 (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 =
5% × 4,750 =
5/100 × 4,750 =
5 ÷ 100 × 4,750 =
0.05 × 4,750 =
237.5
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 =
4,750 + 237.5 =
4,987.5
Answer: (scroll down)
Amount of sales tax = $237.5 dollars Price with sales tax = $4,987.5 dollars
Signs: % percent, ÷ divide, × multiply, = equal, / fraction bar, ≈ approximately equal;
Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark;
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: