The percent of sales tax is 116.40 . It is crucial to examine all the information provided in the query with great care.
A tax that is paid to a governing body for the sale of goods and services is known as a sales tax. Sales tax is an indirect tax that is typically applied at the point of purchase or exchange of specific taxable goods.
It is applied as a percentage of the item's value. The ability to calculate and collect the sales tax is typically straightforward and depends on the current administration's individual rules. Simply said, the sales tax is an additional sum of money that must be paid when buying products or services.
Sales tax collected on the sofa is equal to
$764.78
The sofa actually cost $657
Assume that sales tax is a certain percentage.
took = x%
Then
(x/100) 657 = 764.78
6.57x = 764.78
x = 43.13/5.75
116.40 %
Hence, the amount of sales tax charged for
7.5% of the sofa. I hope you can understand the process without too much trouble. This method can be used to solve similar issues with extreme ease.
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