What is the sales tax on a $8.50 purchase if the sales tax rate is 6.5?

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1 Answer
Feb 22, 2018

Answer:

#$8.50 xx 0.065 = $0.5525# cents rounded to #$0.55# or #55# cents.

Explanation:

The sales tax rate is usually a percentage (assumed here). #6.5# percent equals #0.065# (percent means "per 100" so is divided by #100#).