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buzzbland Posted on Apr 16, 2014
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My total sale is $101.65. I collected 6.25% sales tax. What is the formula to find out the portion of the total is the sales tax total?

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Geoffrey White

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  • Master 3,965 Answers
  • Posted on Apr 17, 2014
Geoffrey White
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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

2 Related Answers

Anonymous

  • 1 Answer
  • Posted on Mar 24, 2009

SOURCE: help please

i solve!! the exact total of bobs ticket is 948.48

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Bapco

  • 290 Answers
  • Posted on Mar 10, 2011

SOURCE: The Belvedere Arms takes £11,800 in drink

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%

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What do you want to do?


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Help please

hi lilwallace;
The federal excise tax of 8% on the round trip ticket is calculated by multiplying 8% times the price of the ticket. Remember 8% is written as .08 when we multiply.
$832 times .08 = $66.56 is the excise tax

$832 times .06 = $49.92 is the sales tax

Now we just add the ticket price plus the excise tax and the sales tax and we get $832 + $66.56 + $49.92 = $948.44

Hope this helps Loringh PS Please leave a rating for me.. Thanks


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