Question

In Little Kitty City, the tax rate is 7.25%. What would the tax be on a $500 TV? (Hint: Change 7.25% to a decimal by moving the decimal two spots to the left.

Answer 1

Tax amount = $36.25

Explanation:

The tax rate is 7.25%.

We need to find the tax be on a $500 TV.

It can be calculated as follows :

`C=500* 7.25\%\\\\=500* (7.25)/(100)\\\\=\$36.25`

So, the required tax on $500 TV is $36.25.