Question to Find Amount of Tax Fixed on a Dollar Rate

Topic : Computation of Tax

Question : Find the total cost or sale price to the nearest cent... $1,500 computer;7% tax

Solution :
Cost = $1500
Tax = 7%

Amount of Tax = 7% of 1500
= 7/100 * 1500
= $105

Total Cost = $1500 + $105
= $1605