The sales tax on the car will be equal to $232.56.
What is the percentage?
The Percentage is defined as representing any number with respect to 100. It is denoted by the sign %.
A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase.
Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority.
The amount for the sales tax will be calculated as below:-
First calculate the discounted price:-
5% of 7200 = 360.
Subtract 360 from 7200 to get 6840.
Discounted price = 7200 - 360= $6840
The sales tax will be calculated as:-
(3.4%) of 6840 = $232.56.
Therefore, the sales tax on the car will be equal to $232.56.
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