Midtown Antiques collects 3% sales tax on all sales. If total sales including tax are$1813.61, find the portion that is the tax amount.
Question
Solution 1
To find the tax amount, we need to use the formula for the total amount which is:
Total Amount = Amount before Tax + Tax Amount
We know that the total amount is $1813.61 and the tax rate is 3%. We can express the tax rate as a decimal by dividing it by 100, so 3% becomes 0.03.
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