Question

The tax on your $12.50 meal is 6.5%. How much tax will you pay on the meal? Round to the nearest cent

Answer 1

12.50 x 0.65=8.13

Answer 2

If the tax is not included in the $12.50, then it is .01 less than JohnnyScene's answer divided by 10 minus, $0.81

If the $12.50 includes the tax, then the tax is $0.76 from the following:\[\text{Round}\left[\frac{12.50}{1.065}*0.065,0.01\right]=\$ 0.76 \]