ramesh is buying a new bike helmet. the price of the helmet is $60 and there is a 5% sales tax. ramesh wants…
ramesh is buying a new bike helmet. the price of the helmet is $60 and there is a 5% sales tax. ramesh wants to know the total price of the bike helmet including sales tax. how much sales tax does ramesh pay on the bike helmet? enter the amount in the table.
Answer
Explanation:
Step1: Calculate sales - tax amount
The formula for calculating the sales - tax amount is $Sales\ tax\ amount = Price\ before\ tax\times Tax\ rate$. The price before tax is $60$ and the tax rate is $5%=0.05$. So, $60\times0.05$. $60\times0.05 = 3$
Step2: Calculate total price
The total price is the sum of the price before tax and the sales - tax amount. So, $60 + 3=63$. The total price is $100%$ of the final amount.
In the table:
- In the "Sales Tax" row, the percentage is $5%$ and the amount is $$3$.
- In the "Total Price" row, the percentage is $105%$ (since $100%$ of the original price + $5%$ tax) and the amount is $$63$.
- In the "Price Before Tax" row, the percentage is $100%$ and the amount is $$60$.
Answer:
| Percentage | Amount | |
|---|---|---|
| Total Price | $105%$ | $$63$ |
| Price Before Tax | $100%$ | $$60$ |
| Sales Tax | $5%$ | $$3$ |