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1 vote
A pencil costs $0.60 plus sales

tax. After sales tax the pencil
costs $0.63. What is the sales
tax rate?

User Arhuaco
by
3.2k points

1 Answer

0 votes

Answer: 5%

Explanation:

To find the sales tax, find the difference between before and after tax:

0.63 - 0.60 = 0.03

To find the percentage, divide the difference by the cost of the product:

0.03/0.60 = 0.05

Multiply by 100 to find percent sales tax:

0.05 x 100 = 5%

User Ybonda
by
3.5k points