An item costs

Question

$480
before tax, and the sales tax is
$14.40
.
Find the sales tax rate. Write your answer as a percentage.

Answer 1

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%.