Question

While looking at some reports, a store manager notes that carousel horses that retail for $620 end up costing customers $651 once the sales tax is added. What is the sales tax percentage?

Answer 1

`\large \boxed{5.0 \, \% }`

Explanation:

1. Calculate the amount of tax

Total cost = selling price + sales tax

Sales tax = total cost - selling price

Total cost = $651

-Selling price = - 620

Sales tax = $ 31

2. Calculate the percent tax

`\text{\% Tax} = \frac{\text{\$31}}{\text{\$620}} * 100 \, \% = \mathbf{5.0 \, \%}\\\\ \text{The sales tax percentage is $\large \boxed{\mathbf{5.0 \, \% }}$}`