5% of $14 = 70 cents
Because $14 = 1400 cents. (Each $1 = 100 cents)
5 cents on every dollar. 5 x 14 = 70
Or as 5 cents is wrtten as .05 of a dollar (think $1.05 is how $1 with 5 cents would read) - .05 x 14 = .70
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The percent of the sales tax was 4.5%
5 percent sales tax for 19.74 is 0.99
sales tax on 16.00
64.79 (A+)
498.00 plus 7.25 percent sales tax = 534.11