Mathematics

Question

what is the difference in sales tax if a product cost $500 is brought in a city with a 6.75% sales tax rate versus a city with a 7.25 sales tax rate
A. 0.25
B. 2.50
C. 25.00
D. 250.00

2 Answer

  • The difference isnĀ $2.50. :)
  • In order to find Sales Tax, you have to multiply the price of the product and the sales tax.
    500*.0675=33.75
    500*.0725=36.25
    From here, you subtract the two sale taxes in order to find your answer.
    36.25-33.75=2.5
    So the answer to this problem is B. 2.50.
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