Answer:
= 5%
Step-by-step explanation:
sold price = 22.05
marked price = 21.00
sales tax = 1.05
%sales tax = sales tax x 100
marked price
%sales tax = 1.05 x 100 = 105 = 5%
21.00 21
remember the sales tax was added to the marked price to form the new price.
the percentage of the sales tax will therefore be determined on the marked price.
