Question

while looking at some reports, a store manager notes that lawn ornaments that retail for $68 end up costing customers $70.04 once the sales tax is added. what is the sales tax percentage? write your answer using a percent sign (%).

Explanation:

Step1: Find the amount of sales - tax

The amount of sales - tax is the difference between the total cost and the retail price. So, $70.04−68 = 2.04$.

Step2: Calculate the sales - tax percentage

The sales - tax percentage is calculated by dividing the sales - tax amount by the retail price and then multiplying by 100. Let $p$ be the sales - tax percentage. Then $p=\frac{2.04}{68}\times100$.
$\frac{2.04}{68}=0.03$, and $0.03\times100 = 3$.

Answer:

3%