Answer
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Sales Tax % = 17.52%
↓Steps Explained:↓
You purchased a good for $7.02
The total bill was $8.25
What was the tax rate?
Calculate Total Tax Amount:
Tax = Total Bill - Price
Tax Amount = $8.25 - $7.02
Tax Amount = $1.23
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 = | $1.23 |
| $7.02 |
x = 0.17521367521368
Sales Tax %:
Sales Tax % = Sales Tax Amount * 100
Sales Tax % = 0.17521367521368 * 100
Sales Tax % = 17.52%Take the Quiz Switch to Chat Mode
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