While looking at some reports, a store manager notes that lamps that retail for $37 end up costing customers $40.33 once the sales tax is added. What is the sales tax percentage?
To calculate the sales tax percentage, we need to find the difference between the final price and the original price, and then divide that by the original price.
Final Price = $40.33
Original Price = $37
Sales Tax = Final Price - Original Price = $40.33 - $37 = $3.33
Now, calculate the sales tax percentage by dividing the sales tax by the original price and then multiplying by 100:
Sales Tax Percentage = (Sales Tax / Original Price) * 100
Sales Tax Percentage = ($3.33 / $37) * 100 = 0.090 * 100 = 9.09%
Therefore, the sales tax percentage is 9.09%.