Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous
Anonymous asked in Business & FinanceTaxesUnited States · 10 years ago

Sales price including 7% sales tax $118. How much is the sales tax included in this amount and thesales price?

3 Answers

Relevance
  • Anonymous
    10 years ago
    Favorite Answer

    if the price of the item is $118 and the sales tax is 7%

    the tax is: $8.26

    the total cost is $126.26

  • 10 years ago

    Divide the total sales price which includes the 7% sales tax by 1.07. - 118/1.07 = the sales price with no tax. 118 minus that answer is the tax.

  • Bobbie
    Lv 7
    10 years ago

    7.72 total sales tax.

    110.28 + 7.7196 = 117.9996

    Hope that you find the above enclosed information useful. 11/13/2011

Still have questions? Get your answers by asking now.