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 softball gloves were sold at a price of $27 and that with sales tax, each one came out to $29.16. 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 softball gloves were sold at a price of $27 and that with sales tax, each one came out to $29.16. what is the sales tax percentage? write your answer using a percent sign (%).

Answer

Explanation:

Step1: Find the amount of tax per glove

Let the number of gloves be 1. The price before tax is $27 and the price after tax is $29.16. The amount of tax per glove is $29.16 - 27=2.16$.

Step2: Calculate the sales - tax percentage

The sales - tax percentage formula is $\frac{\text{Tax amount}}{\text{Price before tax}}\times100%$. Substitute the values: $\frac{2.16}{27}\times 100%$. $\frac{2.16}{27}=0.08$, and $0.08\times100% = 8%$.

Answer:

8%