To find the sales tax rate, we need to divide the sales tax amount by the purchase amount, and then multiply by 100 to express it as a percentage.
Sales tax rate = (sales tax amount / purchase amount) * 100
Sales tax rate = ($29.96 / $749) * 100
Sales tax rate ≈ 0.0399 * 100
Sales tax rate ≈ 3.99
The sales tax rate is approximately 3.99%.
The sales tax is $29.96 on the purchase of a dining room set for $749. Find the sales tax rate.
1 answer