QuestionWhat is the sales tax on shoes costing \$63.20 with a 4.5% tax rate?

Studdy Solution

STEP 1

Assumptions1. The price of the shoes is $63.20. The sales tax rate is4.5%
3. The sales tax is calculated based on the price of the shoes

STEP 2

First, we need to find the sales tax amount. We can do this by multiplying the price of the shoes by the sales tax rate.
$Sales\, tax = Price\, of\, the\, shoes \\times Sales\, tax\, rate$

STEP 3

Now, plug in the given values for the price of the shoes and sales tax rate to calculate the sales tax.
$Sales\, tax = \$63.20 \\times.5\%$

STEP 4

Convert the percentage to a decimal value.
$4.\% =0.045$ $Sales\, tax = \$63.20 \\times0.045$

STEP 5

Calculate the sales tax amount.
$Sales\, tax = \$63.20 \\times0.045 = \$2.844$ The sales tax you would pay if you bought these shoes is $2.844.

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