Sales price including 7% sales tax $118. How much is the sales tax included in this amount and thesales price?
- Anonymous10 years agoFavorite 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.
- BobbieLv 710 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