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- Heather is buying a T-Shirt for $8. Sales tax is 8 1/4 cents per dollar.
- This means that the tax rate is 8.25 percent. To calculate JUST the tax amount, you multiple the cost of the item (the shirt
- for $8) by the percent, 8.25, which is written as 0.0825.
- Note:
- 100 % = 1
- 90 % = 0.9
- 80 % = 0.8
- etc.
- 1 % = 0.01
- 1/4 % = 0.0025 (You do the fraction and add whatever you get to the tail-end of the whole percent)
- So 8 + 1/4 = 8.25 (or 8 and 1/4 percent)
- 8.25 % = 0.0825
- $8 * 0.0825 = $0.66 dollars, or 66 cents.
- If you are including the cost of the item in the total amount spent, then you add 100 percent to the percent you are multiplying by,
- meaning, for example, that 0.0825 percent becomes 1.0825.
- $8 * 1.0825 = $8.66
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