find the tax

Question

Find the tax paid on an item that was priced at $36.20 and cost $39.33

Answer 1

Price + Price(tax) = Cost

 

 

When we multiply the tax by the price, we get the sales tax.  Add this sales tax to the original price, we get the amount you pay.

 

Price = 36.20

Cost = 39.33

tax = R ( n decimal)

 

 

Plug in these values into the equation above.

 

36.20 + 36.20R = 39.33

 

 

Solve for R.

 

 

Subtract 36.20 on both sides of the equation.

 

36.20R = 3.13

 

 

Divide both sides of the equation by 36.20

 

R = 0.08646

 

 

 

Multiply this value by 100.

 

The tax is 8.65%.

Answer 2

Amount of tax is

$39.33 - $36.20

$3.13

The percent tax is 

$3.13 / $36.20

0.0864640884

8.6%