Answer
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Sales Tax % = 17.65%
↓Steps Explained:↓
You purchased a good for $8.50
The total bill was $10.00
What was the tax rate?
Calculate Total Tax Amount:
Tax = Total Bill - Price
Tax Amount = $10.00 - $8.50
Tax Amount = $1.50
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 = | $1.50 |
| $8.50 |
x = 0.17647058823529
Sales Tax %:
Sales Tax % = Sales Tax Amount * 100
Sales Tax % = 0.17647058823529 * 100
Sales Tax % = 17.65%Take the Quiz Switch to Chat Mode
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