How do you calculate the total price including sales tax?

Multiply the original price by (1 + sales tax rate).

How much is the sales tax on the skateboard?

The sales tax is 7% of $139, which is $9.73.

What is the total amount Edwardo will pay for the skateboard including tax?

Edwardo will pay $148.73 in total ($139 + $9.73).

How do you compute the total cost for a purchase with a 7% sales tax?

Multiply the purchase price by 1.07 to include the 7% tax.

If Edwardo has a budget of $150, can he afford the skateboard with tax?

Yes, since the total cost is $148.73, which is within his $150 budget.

What is the importance of knowing the sales tax when buying items?

It helps you determine the total amount you'll need to pay and avoid surprises at checkout.

If the sales tax rate increases to 8%, how much will Edwardo pay in total?

At 8%, the tax on $139 will be $11.12, making the total $150.12.

Edwardo Want To Buy A Kateboard That Cot $139. If The Ale Tax On Edwardo' Tate I 7%, How Much Will He

Edwardo Want To Buy A Kateboard That Cot $139. If The Ale Tax On Edwardo' Tate I 7%, How Much Will He

---

Understanding the Cost of the Skateboard and Tax Implications

When Edwardo plans to purchase a skateboard priced at $139, he must also consider the additional costs imposed by taxes. Specifically, the sales tax, which in this case is 7%, will influence the total amount he needs to pay at checkout. To determine the total cost of the skateboard including tax, it is essential to understand how sales tax is calculated and applied.

Basics of Sales Tax Calculation

What Is Sales Tax?

Sales tax is a percentage added to the price of goods and services at the point of sale. It is collected by the retailer on behalf of the government and varies by state, city, or county.

How Is Sales Tax Calculated?

The basic formula for calculating the total amount payable including sales tax is:

Total Cost = Price of Item + (Price of Item × Sales Tax Rate)

Alternatively, it can be expressed as:

Total Cost = Price of Item × (1 + Sales Tax Rate)

For Edwardo's skateboard:

Price = $139

Sales Tax Rate = 7% = 0.07

Calculating the Total Cost for Edwardo

Step-by-Step Calculation

Convert the percentage to a decimal:

7% = 0.07

2. Multiply the price of the skateboard by the tax rate:

$139 × 0.07 = $9.73

3. Add this tax amount to the original price:

$139 + $9.73 = $148.73

Therefore, Edwardo will pay a total of $148.73 for the skateboard after including the 7% sales tax.

Implications of the Tax on the Purchase

Budgeting for the Purchase

If Edwardo has exactly $139, he will need an additional $9.73 to cover the tax.
It's advisable for him to have at least $149 to comfortably cover the total cost.

How to Save Money or Adjust the Purchase

Look for discounts or promotions that might reduce the price of the skateboard.
Consider purchasing from stores where tax might be lower or tax-free days, if applicable.
Explore second-hand options, which may be exempt from sales tax.

Additional Factors to Consider

Other Possible Costs

Shipping and Handling: If buying online, additional charges may apply.
Accessories or Equipment: Helmets, pads, or other gear may add to the overall expenditure.
Warranty or Service Plans: Some stores offer extended warranties at an extra cost.

Local Tax Regulations

Sales tax rates can vary significantly depending on location.
Some jurisdictions have different rates for different categories of goods.
Always verify the current rate applicable in Edwardo's area.

Summary and Key Takeaways

The skateboard costs $139 before tax.
With a 7% sales tax, the total cost becomes $148.73.
Edwardo needs to ensure he has at least this amount to complete the purchase.
Always factor in additional costs and local tax regulations when planning a purchase.

Conclusion

Understanding how sales tax affects the total purchase price is essential for making informed buying decisions. For Edwardo, knowing that a 7% tax will add approximately $9.73 to the cost helps him plan his budget accordingly. Whether purchasing online or in-store, considering these additional costs ensures that he is prepared financially and can enjoy his new skateboard without surprises. Always stay updated on local tax rates and look for potential discounts to maximize savings.

---

Note: The calculations provided are based on the assumption that the sales tax rate is 7% and that no other fees or discounts apply.