A state sales tax levied at a rate of 1.6%. How much tax would one pay on a purchase of $720?
Accepted Solution
A:
The answer is: " $ 11 .52 " . ___________________________________________________________ The amount of sales tax is: " $ 11 .52 " . ___________________________________________________________
Explanation: ___________________________________________________________ The question/problem: __________________________________________________________ Given: " 1.6% sales tax on $720 purchase" ; how much is the sales tax ? " __________________________________________________________ To calculate:
" 1.6 % of $720 is _{what amount } " ?
→ 1.6 % = (1.6)/100 = (1.6) ÷ 100 = 0.016 ;
→ { Note: To divide "1.6" by "100" ; take the "1.6" ; and move the "decimal" point" back "2 (two)" spaces .}.
→ { We move the decimal point BACKWARD; since we are DIVIDING by "100";
→ & we move the decimal point back "2 (TWO)" spaces; since there are "2 (two)" zeros in "100" .}. ________________________________________________________