Question

A dealer spent a total amount of $5250 for importing some cosmetics. If the total cost of the cosmetics was $5000 without tax, what was the percentage of import tax?

Answer 1

5%

Explanation:

First, find the amount of tax:

5250 - 5000

= 250

Divide this by the original price of $5000 to find the percent of import tax:

250/5000

= 0.05

So, the percent of import tax is 5%