The sales tax amount is $ 28.4
Solution:
Given that you purchase an ipod that costs $339
The tax rate is 8.375 %
To find: Sales tax amount
From given,
Cost price = $ 339
Tax rate = 8.375 %
Therefore, sales tax amount is 8.375 % of cost price
[tex]Sales\ Tax\ Amount = 8.375 \% \text{ of } 339\\\\Sales\ Tax\ Amount = 8.375 \% \times 339\\\\Sales\ Tax\ Amount = \frac{8.375}{100} \times 339\\\\Simplify\ the\ above\ expression\\\\Sales\ Tax\ Amount = 0.08375 \times 339\\\\Sales\ Tax\ Amount = 28.39125 \approx 28.4[/tex]
Thus sales tax amount is $ 28.4
