Souper Bowls sold $500 of merchandise to a customer for cash.The sales tax was 5%.How much cash did Souper Bowls receive?

Name: Souper Bowls sold $500 of merchandise to a customer for cash.The sales tax was 5%.How much cash did Souper Bowls receive?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To find the sales tax, multiply the amount of the merchandise by the tax rate: $500 x 0.05 = $25. Add this to the amount of the merchandise to find the total amount paid: $500 + $25 = $525. Therefore, Souper Bowls received $525 in cash.

Souper Bowls Sold $500 of Merchandise to a Customer for Cash.The