an accountant is determining the amount of sales tax that his client, a shopkeeper, owes. the client reports…

an accountant is determining the amount of sales tax that his client, a shopkeeper, owes. the client reports that microscopes were sold at a price of $300 and that with sales tax, each one came out to $318. what is the sales tax percentage? write your answer using a percent sign (%).

an accountant is determining the amount of sales tax that his client, a shopkeeper, owes. the client reports that microscopes were sold at a price of $300 and that with sales tax, each one came out to $318. what is the sales tax percentage? write your answer using a percent sign (%).

Answer

Explanation:

Step1: Find the amount of sales - tax

The price before tax is $300 and the price after tax is $318. The amount of sales - tax is the difference between the price after tax and the price before tax. So, the sales - tax amount $t=318 - 300=18$.

Step2: Calculate the sales - tax percentage

The sales - tax percentage $p$ is calculated by the formula $p=\frac{t}{original\ price}\times100%$. Substitute $t = 18$ and the original price $=300$ into the formula. Then $p=\frac{18}{300}\times100%$. $\frac{18}{300}\times100%=\frac{18\times100%}{300}=6%$

Answer:

$6%$