Question

Selling price is $70.00. Rate of the sales tax is 60%. That is the sales tax?

Answer 1

Net Amount (excluding tax) : $70.00
Tax (60.0%) : $42.00
Gross Amount (including tax) : $112.00

Math:

`70.00 * .60 = 42`

`70.00 + 42.00 = 112.00`