Question

If a watch costs $40 and you must pay 6.5% sales tax, how much will the tax be?​

Answer 1

${ \boxed{ \sf{ \red{Required \: Answer:-}}}}$

${ \boxed{ \sf{ \green{We\: Have:-}}}}$

Cost of the watch = $40

Sales tax = 6.5 %

${ \boxed{ \sf{ \purple{To\: Find,}}}}$

The tax in amount = ?

${ \boxed{ \sf{ \orange{Step\: by \: Step \: Explanation:-}}}}$

Firstly, we should know how to find the sales tax with the help of rate and cost price/original price..

${ \boxed{ \sf{ \green{It \: is \: given \: by}}}}$

Sales tax = Rate × Cost price

Now we have both rate (i.e. 6.5%) and the cost price of the watch (i.e. $40). Plugging in the above formula:

✎ Sales tax = 6.5% × $40

✎ Sales tax = 65/1000 × $40

✎ Sales tax = $2600/1000

✎ Sales tax = $2.6

${ \boxed{ \sf{ \pink{Therefore:-}}}}$

The tax paid by the consumer for buying the watch is ${ \boxed{ \sf{ \blue{2.6\: dollars.}}}}$

Answer 2

Answer:

{ \boxed{ \sf{ \red{Required \: Answer:-}}}}

RequiredAnswer:−

{ \boxed{ \sf{ \green{We\: Have:-}}}}

WeHave:−

Cost of the watch = $40

Sales tax = 6.5 %

{ \boxed{ \sf{ \purple{To\: Find,}}}}

ToFind,

The tax in amount = ?

{ \boxed{ \sf{ \orange{Step\: by \: Step \: Explanation:-}}}}

StepbyStepExplanation:−

Firstly, we should know how to find the sales tax with the help of rate and cost price/original price..

{ \boxed{ \sf{ \green{It \: is \: given \: by}}}}

Itisgivenby

Sales tax = Rate × Cost price

Now we have both rate (i.e. 6.5%) and the cost price of the watch (i.e. $40). Plugging in the above formula:

✎ Sales tax = 6.5% × $40

✎ Sales tax = 65/1000 × $40

✎ Sales tax = $2600/1000

✎ Sales tax = $2.6

{ \boxed{ \sf{ \pink{Therefore:-}}}}

Therefore:−

The tax paid by the consumer for buying the watch is { \boxed{ \sf{ \blue{2.6\: dollars.}}}}

2.6dollars.