Question

Mr.Li bought a memory card for $138.89 including tax.The card had a sticker price of $129.20.What percent sales tax did he pay.

Answer 1

7.5%

Explanation:

Cost of memory card including tax = $138.89

Cost of memory card only = $129.20.

Cost of tax on memory card = Cost of memory card including tax - Cost of memory card only

= $138.89 - $129.20

= $9.69

Cost of tax on memory card = $9.69

What percent sales tax did he pay.

Percent of tax = Cost of tax on memory card / Cost of memory card only

= $9.69 / $129.20 × 100

= 0.075 × 100

= 7.5%

Percent of tax = 7.5%