If there is an 8% tax on 1.00 item what is the total amount of the transaction

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asked Sep 10, 2017 77.4k views

1 Answer

Justin Giboney · Answer 1 · 2017-09-16T20:32:00+0000

$1.08
you would multiply your cost (1.00) by 8% which is equivalent to .08 and then add to to the original cost. or to skip the middle step just multiply it by 1.08 since you are adding the 8% to 100% of the original cost

If there is an 8% tax on 1.00 item what is the total amount of the transaction

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