With sales tax, it costs $12.36 to buy a $12 measuring tape. What is the sales tax percentage?



Write your answer using a percent sign (%).

Verified Answer :

Final answer:

The sales tax percentage is 3%. To find this, subtract the original price from the total cost to find the tax amount, and then divide by the original price and multiply by 100. Thus, the calculation shows the sales tax percentage is 3%.


Explanation:

Calculating Sales Tax Percentage

To determine the sales tax percentage, we first need to find out how much of the total cost is the sales tax itself. In this case:

  • Cost of the measuring tape: $12.00
  • Total cost with tax: $12.36

We can find the sales tax amount by subtracting the original price from the total cost:

Sales Tax Amount = Total Cost - Cost of Measuring Tape

Sales Tax Amount = $12.36 - $12.00 = $0.36

Next, to find the sales tax percentage, we divide the sales tax amount by the original price and then multiply by 100 to convert to a percentage:

Sales Tax Percentage = (Sales Tax Amount / Cost of Measuring Tape) 100

Sales Tax Percentage = ($0.36 / $12.00)
100

Calculating this gives us:

Sales Tax Percentage = 0.03 * 100 = 3%

Thus, the sales tax percentage is 3%.


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