gina is shopping for a new bicycle. the price of the bicycle is $300 and there is an 8% sales tax. gina…
gina is shopping for a new bicycle. the price of the bicycle is $300 and there is an 8% sales tax. gina wants to know the total price of the bicycle including sales tax. how much sales tax does gina pay on the bicycle? enter the amount in the table.
Answer
Explanation:
Step1: Convert percentage to decimal
To find the sales - tax amount, we first convert 8% to a decimal. We know that to convert a percentage to a decimal, we divide by 100. So, 8% = 8÷100 = 0.08. $8%=\frac{8}{100}=0.08$
Step2: Calculate sales - tax amount
We multiply the price before tax ($300) by the decimal form of the sales - tax rate (0.08). The formula for calculating the sales - tax amount is $Sales\ tax\ amount=Price\ before\ tax\times Sales\ tax\ rate$. $300\times0.08 = 24$
Answer:
24