Drexel dragonThe Math ForumDonate to the Math Forum

Search All of the Math Forum:

Views expressed in these public forums are not endorsed by Drexel University or The Math Forum.

Math Forum » Discussions » Inactive » k12.ed.math

Topic: Confusion on adding percentage of cost to that cost.
Replies: 2   Last Post: Jul 12, 2005 3:27 PM

Advanced Search

Back to Topic List Back to Topic List Jump to Tree View Jump to Tree View   Messages: [ Previous | Next ]

Posts: 8
Registered: 6/17/05
Re: Confusion on adding percentage of cost to that cost.
Posted: Jul 12, 2005 12:10 AM
  Click to see the message monospaced in plain text Plain Text   Click to reply to this topic Reply

On Mon, 11 Jul 2005 17:20:04 GMT, "ticbol" <ticbol@yahoo.com> wrote:

>Let us analyze your $10-stuff example.
>You said if 5.75%, you just add 5.75 % of $10, which is $0.58, to the
>$10. So you sell the stuff at $10.58.
>Ok, so sale price is $10.58.
>Then taxman gets his 5.75% of $10.58.

No, no, no.

The taxman gets 5.75% of the sell price, $10.00. 0.58. Sales tax is
not charged on sales tax.


submissions: post to k12.ed.math or e-mail to k12math@k12groups.org
private e-mail to the k12.ed.math moderator: kem-moderator@k12groups.org
newsgroup website: http://www.thinkspot.net/k12math/
newsgroup charter: http://www.thinkspot.net/k12math/charter.html

Point your RSS reader here for a feed of the latest messages in this topic.

[Privacy Policy] [Terms of Use]

© The Math Forum 1994-2015. All Rights Reserved.