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66 Sales Tax, Tips, and Markups.notebook
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January 13, 2015
Sep 2311:09 AM
66 Sales Tax, Tips, and Markups.notebook
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Sep 193:34 PM
Sales Tax, Tips, and Markup (66)
66 Sales Tax, Tips, and Markups.notebook
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66 Sales Tax, Tips, and Markups.notebook
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Note: the tax is calculated on the cost of the haircut only, not the cost of the haircut plus the tip.
15% + 4.75% = 19.75% which is .1975 as a decimal.
Computed separately:
Sales tax: 20 x .0475 = .95
Tip: 20 x .15 = 3
Total cost: 20 + .95 = 3 = 23.95
66 Sales Tax, Tips, and Markups.notebook
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6.5%
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