Sales Tax

• 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.
• Sales tax (ST) or Value Added Tax (VAT)


  Tax paid to the government for the sales of certain good and services.