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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

  • 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

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