please help, its easy i just want to know how to find the tax of something im gonna buy you can just tell me how or (53.00 is the price and 8.25%) please help thanks people
2007-12-15 13:00:12 · 8 answers · asked by wallace 1 in Business & Finance ➔ Personal Finance
53 x .0825 (8.25% as a decimal) = 4.3725
53 + 4.3725 = 57.3725 or 57.37
2007-12-15 13:04:09 · answer #1 · answered by Gentle One 3 · 4⤊ 0⤋
You can multiply the purchase price ($53.00) times the tax rate (as a decimal which is .0825) This gives you the amount of the tax which is $4.3725 and round that to the penny ($4.37) Add the tax to the purchase price to get $57.36
You can also do it by multiplying the purchase price by (1+ the tax rate) which in this case is 1.0825
2007-12-15 21:14:22 · answer #2 · answered by fire4511 7 · 2⤊ 0⤋
In case, if you don't have a calculator around,
here's a quick way to guestimate your rough tax while on store (in your head and fairly simple)
1. Round off your tax% to nearest multiple of 10
For example, in your case it's 8.25% ...so convert it to 10%. if it's like 18%/22% round it off to 20%
2. Your tax will be calculated as follows:
For 10% - it's 1/10th of your price times 1
For 20% - its 1/10th of your price times 2
For 30% - its 1/10th of your price times 3
3. In your case, since your price is 53, for 10% tax it would have been ~5, but your tax is not actually 10%, but around 8% ..so it would be slightly less than 5.3. (4.3725 to be exact). If the tax is around 20%, the tax would have been 10.6 and then expect more or less depending on the exact tax%.
4. Add that tax on top of your price (53+~5) = ~58
To be exact - 53+4.3725 = 57.3725
Fairly close....
This will give you a rough and quick idea how much you are going to pay in the end (just in case if you dont have a calculator around).
Hope that helps,
Cheers
2007-12-15 22:25:37 · answer #3 · answered by Neil 1 · 0⤊ 2⤋
guess ....there are various ways to approach any given problem....only thing we need to have an open mind. It's such a shame that some people don't even understand not to mention appreciate other people's contribution because of their ignorance and arrogance. This is a platform where people help and share, instead ending in a flame war..that's not what this is all about!!
2007-12-16 14:09:26 · answer #4 · answered by Anonymous · 0⤊ 1⤋
First you take the cash then multiply it by the tax and you come out with a total of $96.73
53 x 1.825 = 96.725
2007-12-15 21:03:47 · answer #5 · answered by chitownxblackhawks 2 · 0⤊ 5⤋
53x.0825=57.37
2007-12-15 21:05:39 · answer #6 · answered by The Buckeye fan 2 · 1⤊ 2⤋
it will be $57.37 total
2007-12-15 21:10:56 · answer #7 · answered by eee 2 · 0⤊ 2⤋
53 x 1.825 = 96.725
2007-12-15 21:02:10 · answer #8 · answered by Zach S 4 · 0⤊ 6⤋