Respuesta :
Sales tax is calculated using tax rate . Discount is calculated using the selling price and list price of the item .
How do you calculate sales tax?
Add the tax rate to the cost of your good or service. If the tax rate is expressed as a percentage, convert it to decimal form by multiplying the result by 100. Then multiply this number using the formula below.
- Find the list price and the tax rate.
- To obtain the tax rate as a decimal, divide the tax percentage by 100.
- To calculate tax, multiply the list price by the decimal tax rate.
- For the final price, multiply the list price by the tax rate.
Ex. If you spend $400 on a new television and live in a region where sales tax is 7%, you would be required to pay $28 in sales tax. The total cost to you would be $428.
How do you calculate a discount?
The price difference between an item's listed price (list price) and its selling price is known as the discount. Discount is therefore calculated as follows: Discount = List price - selling price.
Ex. A product may be discounted by $10 from its list price, which is equivalent to a 10% discount.
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