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This small example shows how to perform a simple
operation of calculating the amount of tax retrieved from a sale item and
the net price sold.
The marked price, the price presented on an item, is in
currency value. It this example, it would be $120.95
The tax rate is expressed as a percentage value. An
example would be 5.75%
The computer used to evaluate the price use a formula
such as:
Tax Amount = Marked Price / Tax Rate
The net price, the actual price a customer should pay,
is calculated as:
Net Price = Marked Price + Tax Amount
In this exercise, we will simulate such a calculation
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