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First Quarter
Math
Sales Tax
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Created by
Annika Concepcion
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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
.