A shopper wants to ensure she has enough cash to purchase a $50 rowboat, so she asks a clerk what the total will be with the sales tax included. The clerk tells her the total will be $54.60. What is the sales tax percentage?
Write your answer as a decimal using a percent sign (%). For example, 0.5% or 12.7%.
To find the sales tax percentage, we can subtract the original price from the total price and divide by the original price:
Sales tax = ($54.60 - $50.00) / $50.00
Sales tax = $4.60 / $50.00
Sales tax = 0.092
Converting this decimal to a percentage by moving the decimal point two places to the right, we get:
Sales tax percentage = 9.2%