Once sales tax is included, a $$ \$ 96.60 $$ rocking chair ends up costing $$ \$ 106.26 $$. What is the sales tax percentage? Write your answer using a percent sign (\%).

Question

UpStudy AI · Accepted Answer

1. Let the original price be $$ P = \$96.60 $$ and the final price (including tax) be $$ F = \$106.26 $$.

2. The amount of sales tax is 
   $$
   \text{Tax} = F - P = \$106.26 - \$96.60 = \$9.66.
   $$

3. The sales tax percentage is calculated by 
   $$
   \text{Sales Tax Percentage} = \frac{\text{Tax}}{P} \times 100 = \frac{9.66}{96.60} \times 100.
   $$

4. Performing the calculation:
   $$
   \frac{9.66}{96.60} = 0.1,
   $$
   so
   $$
   0.1 \times 100 = 10\%.
   $$

The sales tax percentage is $$ 10\% $$.
The sales tax percentage is 10%.

Once sales tax is included, a rocking chair ends up costing . What is the sales
tax percentage?
Write your answer using a percent sign (%).

Upstudy AI Solution

Answer

Solution

Extra Insights

Related Questions

Latest Arithmetic Questions

Once sales tax is included, a rocking chair ends up costing . What is the sales tax percentage? Write your answer using a percent sign (%).