Tax calculations
It's possible to use vectorized operations to calculate taxes for the liquor, restaurant, and department store industries! We'll simplify the tax calculation process here and assume that government collects 5% of all sales across these industries as tax revenue.
Your task is to calculate the tax owed by each industry related to each month's sales. numpy
is loaded for you as np
, and the monthly_sales
array is available.
This exercise is part of the course
Introduction to NumPy
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
# Create an array of tax collected by industry and month
tax_collected = ____
print(tax_collected)