" Percentages " are used for sales tax.
What is sales tax ?
It is a tax which is a consumption tax required to pay to government for every goods.
Formula to calculate sales tax,
Sales tax = Cost of an item × Rate of sales tax
What is percentage ?
Percentage is defined as the quantity in whole quntity, where the whole quantity is always 100.
It is denoted by the symbol "%"
Example - If someone gets 80% in an exam, this means that he scored 80 out of 100.
What is the required answer ?
Sales tax is an everyday example of where percentages are used.
Learn more about Percentage here :
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