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?

Answer 1

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%.