A set of trading cards sells for $12.00.
After sales tax, it costs $12.60. what is the sales tax rate?
Do I divide to get this answer? Please help.
Yes. Divide
To find the sales tax rate, you can divide the amount of the sales tax by the original price and then multiply it by 100 to convert it into a percentage. Let's break it down step by step:
1. Start by subtracting the original price from the total amount paid after sales tax to determine the sales tax. In this case, $12.60 - $12.00 = $0.60.
2. Next, divide the sales tax amount ($0.60) by the original price ($12.00): $0.60 ÷ $12.00 = 0.05.
3. Finally, multiply the result by 100 to convert it into a percentage: 0.05 x 100 = 5%.
Therefore, the sales tax rate is 5%.