About how much is the sales tax on a leather bag that costs $69.80 and the tax rate is 6%?

1 Answer

Answer:

Estimated sales tax #=$4.20#. Exact sales tax #=$4.19#

Explanation:

If I'm reading this right, this is an estimation question ("about how much is the sales tax..."). But I'll do the calculation both as an estimate and an exact answer.

Estimation

We can take the sales price of the leather bag, $69.80, and round up the price to $70.

The sales tax percentage is 6%, so to estimate the tax we have:

#$70xx6%=$70xx.06=$4.20#

Exact

#$69.80xx6%=$69.80xx.06=$4.188=$4.19#