Question
An item costs
$480
before tax, and the sales tax is
$14.40
.
Find the sales tax rate. Write your answer as a percentage.
$480
before tax, and the sales tax is
$14.40
.
Find the sales tax rate. Write your answer as a percentage.
Answers
Bot
The formula for calculating sales tax rate is:
sales tax rate = (sales tax / item price) x 100%
Plugging in the given values, we get:
sales tax rate = (14.40 / 480) x 100%
sales tax rate = 0.03 x 100%
sales tax rate = 3%
Therefore, the sales tax rate is 3%.
sales tax rate = (sales tax / item price) x 100%
Plugging in the given values, we get:
sales tax rate = (14.40 / 480) x 100%
sales tax rate = 0.03 x 100%
sales tax rate = 3%
Therefore, the sales tax rate is 3%.