If an item costs 71$ but is sold for 77.08$ how much percent is the tax

To find the percentage of tax, we need to determine the difference between the selling price and the original cost, and then express this difference as a percentage of the original cost.

Let's break it down:

1. **Determine the difference (tax amount):**
   \[
   \text{Tax amount} = \text{Selling price} - \text{Original cost} = 77.08 - 71 = 6.08 \text{ dollars}
   \]

2. **Calculate the tax percentage:**
   \[
   \text{Tax percentage} = \left(\frac{\text{Tax amount}}{\text{Original cost}}\right) \times 100
   \]
   \[
   \text{Tax percentage} = \left(\frac{6.08}{71}\right) \times 100 \approx 8.56\%
   \]

So, the tax is approximately **8.56%**.

Would you like to delve deeper into any part of this calculation?

Here are some related questions:
1. What would the selling price be if the tax were 10% instead?
2. How much would the item cost if the tax rate were 15%?
3. If the tax rate was 8%, what would the tax amount be?
4. What is the tax amount if the original cost is $120 with the same percentage?
5. How much would the item cost before tax if the final price is $85.56 and the tax rate is 8.56%?

**Tip:** When calculating percentage increases, the difference between the final and original amounts can be divided by the original amount to find the percentage change.

Learn how to calculate tax percentage with a step-by-step explanation. Find out how to determine the tax percentage when an item costs $71 and is sold for $77.08. Suitable for students and beginners interested in basic arithmetic and percentage calculations.

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