Problema Solution
Jamie purchased a compact disk and paid $18.26 If the disk price is $16.99 what is the sales tax rate (round to the nearest tenth of a percent0
Answer provided by our tutors
The sales tax rate is x
The equation is
16.99(1+x) = 18.26
x = 0.075 = 7.5%
So the sales tax rate is 7.5%