Which of the following is the correct sales tax equation?sales tax rate = sales tax amount purchase pricepurchase price = sales tax rate sales tax amountsales tax amount = sales tax = sales tax rate purchase price
Question
Which of the following is the correct sales tax equation?sales tax rate = sales tax amount purchase pricepurchase price = sales tax rate sales tax amountsales tax amount = sales tax = sales tax rate purchase price
Solution
The correct sales tax equation is:
sales tax amount = sales tax rate * purchase price
This equation means that the amount of sales tax you pay is determined by multiplying the sales tax rate by the purchase price of the item you're buying.
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