Calculator: Add (Charge) 20% Sales Tax Rate to the Listed (Before Tax) Price, USD 5,005 (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 =
20% × 5,005 =
20/100 × 5,005 =
20 ÷ 100 × 5,005 =
0.2 × 5,005 =
1,001
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 =
5,005 + 1,001 =
6,006
Answer: (scroll down)
Amount of sales tax = $1,001 dollars Price with sales tax = $6,006 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: