A percentage is a way to describe a part of a whole. The amount of the sales tax is $10.5.
What are Percentages?
A percentage is a way to describe a part of a whole. such as the fraction ¼ can be described as 0.25 which is equal to 25%.
To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.
Given the taxable amount of the sale is $150, while the Sales tax percentage is 7%. Therefore, the amount of sales tax is,
Amount of sales tax = 7% of $150 = 0.07 × 150 = $10.5
Hence, the amount of the sales tax is $10.5.
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