Brandon buys a radio for 41.81 in a state where the sales taxes is 7%, How much does he pay in taxes? If necessary, round to the nearest cent.
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Answer:
$3
Explanation:
Given parameter:
Selling price of the radio = $41.81
Sales tax = 7%
Unknown:
Tax incurred = ?
Solution:
The sales tax on the radio can found by;
Sales tax = % Sales tax x selling price of the radio
Sales tax = 7% x $41.81
Sales tax = $3