in York city,the sales-tax rate is increased from 7% to 7.25%.under this change,how much additional tax would you pay in purchasing an item priced at $800? can you also explain? i dont just want the answer
2006-09-07 12:40:02 · 7 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
I would use a spread sheet.
$800.00 * (1.0725) = $858.00
$800.00 * (1.0700) = $856.00
Increased tax is: $2.00
7% is 7/100 or 0.07. If you just multiply
0.07 * 800 you'll get only the tax on your
purchase. 1 + 0.07 gives you the total (price
of the item plus the tax). Since you only
want to know what the change is, you just
need to subtract the two total values. Since,
the tax is increasing, you know your answer
must be positive.
2006-09-07 13:05:07 · answer #1 · answered by timespiral 4 · 0⤊ 0⤋
Here it is really simple for you:
$800 x 7%= $56 tax
$800 x 7.25%=$58 tax
$58-$56=$2.00
you will pay $2.00 more in tax
Good Luck!
2006-09-07 19:56:44 · answer #2 · answered by Margarita F 2 · 0⤊ 0⤋
Do you know how to find the percentage of a number? If so this is how you would set this up
7.25% of $800 = a
7% of $800 = b
then to get your answer you take the first answer (a) and subtract the second answer (b) from it.
a-b= the additional tax you would pay
2006-09-07 19:52:41 · answer #3 · answered by litlfeisty1 1 · 0⤊ 0⤋
$2. 1% of 800 is $8 and you say it increase 1/4 %.
2006-09-07 19:45:33 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
convert both percentages to a decimal and multply by 800.
7%=.07 7.25%=.0725 .07x800=a .0725x800=b
b-a=your answer
2006-09-07 19:48:58 · answer #5 · answered by Kalani47 1 · 0⤊ 0⤋
@ 7.0% the tax would be: (.07)(800) = 56.00
@ 7.25% the tax would be: (.0725)(800) = 68.00
58.00 - 56.00 = 2.00
You can also just say that there is a difference of 0.25%
So (0.0025)(800) = 2.00
2006-09-07 19:46:14 · answer #6 · answered by godmike 2 · 0⤊ 0⤋
i dont care
2006-09-07 19:45:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋