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What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?

Question

What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?

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Solution

1. Break Down the Problem

To calculate the sales tax amount, we need to find out how much sales tax is applied to the purchase price of $32 at a rate of 4%.

2. Relevant Concepts

The formula to calculate sales tax is given by: Sales Tax=Purchase Price×Sales Tax Rate \text{Sales Tax} = \text{Purchase Price} \times \text{Sales Tax Rate} where the sales tax rate should be expressed as a decimal for the calculation.

3. Analysis and Detail

  1. Identify the purchase price: Purchase Price=32 dollars \text{Purchase Price} = 32 \text{ dollars}
  2. Convert the sales tax rate from a percentage to a decimal: Sales Tax Rate=4%=0.04 \text{Sales Tax Rate} = 4\% = 0.04
  3. Substitute these values into the sales tax formula: Sales Tax=32×0.04 \text{Sales Tax} = 32 \times 0.04

4. Verify and Summarize

Now, perform the multiplication: Sales Tax=32×0.04=1.28 \text{Sales Tax} = 32 \times 0.04 = 1.28 Therefore, the sales tax amount is $1.28.

Final Answer

The sales tax amount on a purchase price of 32ata432 at a 4% tax rate is **1.28**.

This problem has been solved

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