A surfboard has a price of $920. With sales tax, it will cost $1,012. What is the sales tax percentage?
Mathematics · Middle School · Sun Jan 24 2021
Answered on
Given the statement:
A surfboard has a price of $920. With sales tax, it will cost $1,012.
Determine the sales tax percentage.
Solution:
In order to determine the sales tax percentage, we simply subtract 1012 by 920, then divide the difference by 920.
= $1,012 - $920
= $92
= $92 / $920
= 0.1
Since we are given a decimal answer, in order to convert it into percentage, we multiply the decimal by 100. Hence, in converting a percentage into decimal, we divide the percentage by 100.
= (0.1)(100)
= 10%
Final answer:
The sales tax percentage is 10%.