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P a g e
Tax Rate Cont’d
EXAMPLE 2: Perform two calculations using $840 and $525, both
of which already include tax.
Calculate the tax on the total and the total without tax. (Tax rate:
5%)
Operation
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840.
840
• +
1,365.
525
• +
1,365
•
TX
65
• -
1,3000
•
1,300.