an item has a listed price of $75. if the sales tax rate is 5%, how much is the sales tax (in dollars)…

an item has a listed price of $75. if the sales tax rate is 5%, how much is the sales tax (in dollars)? sales tax: $

an item has a listed price of $75. if the sales tax rate is 5%, how much is the sales tax (in dollars)? sales tax: $

Answer

Explanation:

Step1: Convert percentage to decimal

To find the sales tax, we first convert the sales tax rate from a percentage to a decimal. The sales tax rate is 5%, which is equivalent to $0.05$ in decimal form (since $5%=\frac{5}{100} = 0.05$).

Step2: Calculate sales tax

We then multiply the listed price by the decimal form of the tax rate. The listed price is $$75$, so the sales tax is calculated as $75\times0.05$. Calculating $75\times0.05$: $75\times0.05 = 3.75$.

Answer:

$$3.75$