Question

A shopper pays $1,014 for a $975 carousel horse after sales tax is added. What is the sales

tax percentage?
Write your answer using a percent sign (%).
Vic

Answer 1

4%

Explanation:

Final Price = 1014

Initial Price = 975

SALES TAX FORMULA: (Final/Initial Price - 1) * 100 = ANSWER

(1014/975 - 1)* 100 = 4%