A tax of 5% on a principal of $1500.00 can be calculated by:
$1500 * 0.05 = $75
where 5% = 0.05.
So the total price would be the principal plus the tax:
$1500 + ($1500 * 5%)
= $1500 + ($1500 * 0.05)
= $1500 + $75
= $1575
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You take the cost ($150000) and multiply it by 1.05 (Adding the 1 automatically adds the tax onto the initial price for you) The .05 is there because 5% as a decimal is .05 When you multiply 150,000 (1.05) you get the final answer of $157,500
5% = 5/100 5*150000/100 = $7500
Robert bought a used automobile for 1500 , if the sale tax is 15 percent what will be the total Robert have to pay for the automobile/
150,000 x 1.05 = 157,500
8.25%