Answer
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Sales Tax % = 6%
↓Steps Explained:↓
You purchased a good for $55.00
The total bill was $58.30
What was the tax rate?
Calculate Total Tax Amount:
Tax = Total Bill - Price
Tax Amount = $58.30 - $55.00
Tax Amount = $3.30
Setup Sales Tax Equation:
Call our sales tax percent x
Sales Tax Amount = Sale Price(x)
Divide each side of the equation by x:
| x = | Sales Tax Amount |
| Sale Price |
Plug in our values
| x = | $3.30 |
| $55.00 |
x = 0.06
Sales Tax %:
Sales Tax % = Sales Tax Amount * 100
Sales Tax % = 0.06 * 100
Sales Tax % = 6%Take the Quiz
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