Sales Tax

Cards (10)

  • What does ST stand for in the context of sales tax?
    Sales Tax
  • How is the amount of sales (AS) related to the total amount of purchase (TAP)?
    The amount of sales (AS) is the same as the total amount of purchase (TAP).
  • What is the formula to calculate TAP?
    TAP = ST / RT
  • What does RT represent in the sales tax formula?
    RT represents the rate of tax.
  • How is the rate of tax (RT) calculated?
    RT = (ST / AS) x 100%
  • What is the formula to calculate sales tax (ST)?
    ST = AS x RT
  • If the amount of sales (AS) is 2,250 and the rate of tax (RT) is 10%, what is the sales tax (ST)?
    ST = 255
  • What is the value of AS in the given example?
    AS is 2,250.
  • What is the value of RT in the given example?
    RT is 10% or 0.10.
  • What is the calculated sales tax (ST) when AS is 2,250 and RT is 10%?
    ST is 255.