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Question

Part 1
The sales tax is ​$37.45 on the purchase of a dining room set for ​$749. Find the sales tax rate.

Answer 1

To find the sales tax rate, divide the sales tax amount by the purchase price of the dining room set and multiply by 100 to express it as a percentage.

Sales tax rate = (Sales tax amount / Purchase price) * 100

Sales tax rate = (37.45 / 749) * 100

Sales tax rate = 0.0499 * 100

Sales tax rate = 4.99%

Therefore, the sales tax rate is 4.99%.