Solve the problem.
-Midtown Antiques collects 5% sales tax on all sales. If total sales including tax are $1248.70, find the portion that is the tax amount.

Question

Quizplus · Accepted Answer

The total amount including tax is $1248.70, and the tax rate is 5%. To find the portion that is the tax amount, divide the total by 1.05 (100% + 5% tax = 105%, or 1.05 in decimal form). This gives the pre-tax amount. Subtracting the pre-tax amount from the total gives the tax amount: $1248.70 / 1.05 = $1189.24 (pre-tax amount). $1248.70 - $1189.24 = $59.46, which is the tax amount.

Solve the Problem. -Midtown Antiques Collects 5% Sales Tax on All Sales. If