A $650 television costs $702 after sales tax is figured in. What is the sales tax percentage?
Calculate Sales Tax Amount:
Sales Tax Amount = Total Bill - Original Cost
Sales Tax Amount = 702 - 650
Sales Tax Amount = 52
Calculate Sales Tax Percentage:
Sales Tax Percentage = 100% * Sales Tax Amount / Original Cost
Sales Tax Percentage = 100% * 52 / 650
Sales Tax Percentage = 100% * 0.08
Sales Tax Percentage = 8%
Calculate Sales Tax Amount:
Sales Tax Amount = Total Bill - Original Cost
Sales Tax Amount = 702 - 650
Sales Tax Amount = 52
Calculate Sales Tax Percentage:
Sales Tax Percentage = 100% * Sales Tax Amount / Original Cost
Sales Tax Percentage = 100% * 52 / 650
Sales Tax Percentage = 100% * 0.08
Sales Tax Percentage = 8%