# Unit 4L2

rename
sukupafa's
version from
2016-04-25 17:31

## Section

Question | Answer |
---|---|

Sales Tax | An extra fee that the government requires us to pay on purchases. |

Payment Options | Cash(currency, checks, debit card) or Credit |

1st step of calculating the final price of a purchase | Convert the percent of the sales tax to a decimal. Example: 6.75% = .0675 |

2nd step of calculating the final price of a purchase | Multiply the price of the item by the decimal form of the tax. Example: $21 x .0675 = $1.4175 |

3rd step of calculating the final price of a purchase | Round to the nearest penny. Example: 1.4175 = $1.42 |

4th step of calculating the final price of a purchase | Add the sales tax amount to the price. Example: 21 + 1.42 = $22.42 (final price) |

What is 20% as a decimal? | .20 |

What is 2% as a decimal? | .02 |

What is 7.8% as a decimal? | .078 |

What is 10.2% as a decimal? | .102 |

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