A product is priced at $80 and has a sales tax of 10%. What is the total price i

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Question: A product is priced at $80 and has a sales tax of 10%. What is the total price including tax?

Options:

Correct Answer: $88

Solution:

Total Price = Price + (Price x Sales Tax) = $80 + ($80 x 0.10) = $80 + $8 = $88.

A product is priced at $80 and has a sales tax of 10%. What is the total price including tax?

A product is priced at $80 and has a sales tax of 10%. What is the total price including tax?

Step 1: Identify the original price of the product, which is $80.
Step 2: Identify the sales tax rate, which is 10%.
Step 3: Convert the sales tax rate from a percentage to a decimal. 10% as a decimal is 0.10.
Step 4: Calculate the amount of sales tax by multiplying the original price by the sales tax rate: $80 x 0.10.
Step 5: Calculate the sales tax amount, which is $8.
Step 6: Add the sales tax amount to the original price to find the total price: $80 + $8.
Step 7: The total price including tax is $88.

Sales Tax Calculation – Understanding how to calculate the total price of a product by adding the sales tax to the original price.