What is the sales tax on a $8.50 purchase if the sales tax rate is 6.5?

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1 Answer
Feb 22, 2018

$8.50 xx 0.065 = $0.5525 cents rounded to $0.55 or 55 cents.

Explanation:

The sales tax rate is usually a percentage (assumed here). 6.5 percent equals 0.065 (percent means "per 100" so is divided by 100).