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Unit 4L2

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zuzeheze's version from 2016-04-25 15:47

Section

Question Answer
Sales TaxAn extra fee that the government requires us to pay on purchases.
Payment OptionsCash(currency, checks, debit card) or Credit
1st step of calculating the final price of a purchaseConvert the percent of the sales tax to a decimal. Example: 6.75% = .0675
2nd step of calculating the final price of a purchaseMultiply 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 purchaseRound to the nearest penny. Example: 1.4175 = $1.42
4th step of calculating the final price of a purchaseAdd 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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