Question

While looking at some reports, a store manager notes that carousel horses that retail for $620 end up costing customers $651 once the sales tax is added. What is the sales tax percentage?

Answer 1

Answer:

$\large \boxed{5.0 \, \% }$

Step-by-step explanation:

1. Calculate the amount of tax

    Total cost = selling price + sales tax

     Sales tax = total cost - selling price

     Total cost = $651

-Selling price = - 620

       Sales tax = $  31

2. Calculate the percent tax

$\text{\% Tax} = \dfrac{\text{\ 31}}{\text{\ 620}} \times 100 \, \% = \mathbf{5.0 \, \%}\\\\ \text{The sales tax percentage is \large \boxed{\mathbf{5.0 \, \% }} }$