Problema Solution
a mirror has a purchase price of $36. If the sales tax on this purchase is $1.80,find the sales tax rate.
Answer provided by our tutors
a mirror has a purchase price of $36. If the sales tax on this purchase is $1.80,find the sales tax rate.
Solution:
The sales tax rate is the percentage of the tax in purchase price,
so the sales tax rate = $1.80/$36 =0.05 =5%
So the sales tax rate is 5%.