How Would I Add On Tax?

Question

Here in Texas tax rate is 8.25 But how would I add on to a price?? is it 8.25 cents per dollar or per $10 can someone please help me im so confused

Answer 1

It's a percentage. So no matter what the price is, you add 8.25 %

The easiest way to find the new TOTAL (base price AND tax together) is to take the price and multiply it by 1.0825

Therefore, a one dollar item is $1.08, a four dollar item is $4.33 a ten dollar item is $10.83, and a hundred dollar item is $108.25.

Answer 2

To figure out the tax you would multiply the amount of the sale times the decimal percentage. In your case that is .085. Most States require you to round up and fraction of a cent. On $1 the tax would be 9 cents.

To find out the sale amount (or ideal sale amount) you simply do the math in reverse. A sale of $1.09, divided by 1.085 = 1.00(46) the extra was the round up amount on the tax, so the original amount was $1.00.

To figure how much to charge to get an end sale & tax figure (I too like even numbers) take your end number, $10.00, and divide by 1.085. Your product price would be $9.21. $9.21 times 1.085 = $9.99285, round up to $10.00. Remember the .00715 belongs to the Government! Also, don't do the math on your tax deposit on multiple sales, The G man wants all of his half pennies! Good Luck!

Answer 3

8.25 cents per dollar, hence 8.25%

so for $10 it is 82.5 cents