Question

While looking at some reports, a store manager notes that chandeliers that retail for $57 end up costing customers $58.14 once the sales tax is added. What is the sales tax percentage?

Answer 1

The sales tax percentage is 2%.

Explanation:

With the information provided, you can find the sales tax percentage by subtracting the retail price from the amount the customer paid and dividing that by the retail price. Then, you have to multiply the result by 100.

((58.14-57)/57)*100= (1.14/57)*100=0.02*100= 2%

According to this, the answer is that the sales tax percentage is 2%.