Question about Computers & Internet
Partly this is a matter of interpretation. If $101.65 is seen as 100% then sales tax is
$101.65 x 6.25 / 100 = $6.35
However there is a flaw in this. The remainder (the sale price) is
$101.65 - $6.35 = $95.30
So what was the sales tax on this remainder?
6.35 / 95.30 x 100 = 6.67%........too much
So we should regard the $ total as 106.25% not 100%. Then the amount which was sales tax is really
$101.65 x 6.25 / 106.25 = $5.98
Posted on Apr 17, 2014
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Posted on Jan 02, 2017
Assuming the Belvedere Arms sells only food and drink:
a) Total sales for the week is the sum of the drink sales and food sales, £11,800 + £5,600 = £17,400
b) Sales budget is £16,200, so performance is (17,400-16,200)/16,200 = 1200/16200 = .074 which is up by 7.4%
c) Profit on food is £3,640 on total food sales of £5,600. 3640/5600 = .65 or 65%
d) Profit on drink is £8,496 on total drink sales of £11,800. 8496/11,800 = .72 or 72%
e) Total profit is £12,036 on total sales of £17,400. 12,136/17,400 = .697 or 70%
Posted on Mar 10, 2011
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Calculate the amount if you know the total and percentage For example, if you purchase a computer for $800 and there is an 8.9% sales tax, how much do you have to pay for the sales tax? In this example, you want to find 8.9% of 800.
Example The example may be easier to understand if you copy it to a blank worksheet.
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