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%.
Question content area left
Part 1
The sales tax is $37.45 on the purchase of a dining room set for $749. Find the sales tax rate.
1 answer