Question

Mike went to lunch with his friends. The sandwich he bought cost $4.95. If the tax rate was 7.5% , what was the tax on the sandwich? Help

Answer 1

7.5% = 0.075 as a decimal

Cost * Tax Rate (decimal) = amount of tax
So,
4.95*0.075= $0.37125
generally you only keep two decimal places when dealing with currency so,
$0.37 or 37 cents in tax.

Answer 2

4.95/100*7.5=the tax on the sandwich