To find the sales tax multiply the purchase price by the sales tax rate. This value becomes the total tax on the transaction which is then added to the purchase price of 150. Tax 20000 times 5 20000 times 005.
How to Calculate the Sales Tax on Multiple Items.
But if you want to know the exact formula for calculating reverse sales tax then please check out the Formula box above. Some of the worksheets for this concept are Grade 7 lesson 1 r Tip and tax homework work Lesson 11 tax commissions fees and other real world Sales tax and total purchase price version 2 answer keys Calculating sales tax Holt mathematics course 2 pre algebra Work calculating marginal average taxes Grade level 5. How to Calculate the Sales Tax on Multiple Items. Name Period Date Tax Tip and Discount Word Problems.