Once sales tax is included, a $450 silver coat rack ends up costing $495. What is the sales tax percentage?
Write your answer using a percent sign (%)
The sales tax percentage can be found by dividing the amount of sales tax by the original price of the coat rack and then multiplying by 100.
Sales tax amount = Final price - Original price
Sales tax amount = $495 - $450
Sales tax amount = $45
Sales tax percentage = (Sales tax amount / Original price) * 100
Sales tax percentage = ($45 / $450) * 100
Sales tax percentage = (0.10) * 100
Sales tax percentage = 10%
Therefore, the sales tax percentage is 10%.