A sweater that you love costs $32. You really want the sweater but only have $35. If there’s a sales tax of 4% on the item, do you have enough to buy the sweater?
Calculate after-tax amount:
After tax amount = Sale Price * (1 + sales tax percent)
After tax amount = 32 * (1 + 0.04) <-- Since 4% = 0.04
After tax amount = 32 * (1.04)
After tax amount = $33.28
Yes, since $33.28 is less than or equal to $35, you have enough to buy the sweater.
Calculate after-tax amount:
After tax amount = Sale Price * (1 + sales tax percent)
After tax amount = 32 * (1 + 0.04) <-- Since 4% = 0.04
After tax amount = 32 * (1.04)
After tax amount = $33.28
Yes, since $33.28 is less than or equal to $35, you have enough to buy the sweater.