Need help with question 2, if you could please just explain to me how this done.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Need help with question 2, if you could please just explain to me how this done.
Date
Chapter 3 Review
%.
1. The HST paid on most purchases in Ontario is 13%.
2. Use a method of your choice to estimate the after-tax cost of
each item in the table.
Rounded
Cost
Estimated
After-Tax Cost
Item
Cost
a) Shoes
$38.49
b) Jeans
$49.99
Transcribed Image Text:Date Chapter 3 Review %. 1. The HST paid on most purchases in Ontario is 13%. 2. Use a method of your choice to estimate the after-tax cost of each item in the table. Rounded Cost Estimated After-Tax Cost Item Cost a) Shoes $38.49 b) Jeans $49.99
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