Problema Solution
Paige buys a tool shed priced at
$5990
, but pays
$6289.50
with tax. What is the tax rate where Paige lives?
Answer provided by our tutors
First we will find the tax:
tax = $6289.50 - $5990
tax = $299.50
tax rate = (299.50/5990)*100
tax rate = 5%
The tax rate where Paige lives is 5%.