The sales tax is ​$29.96 on the purchase of a dining room set for ​$749. Find the sales tax rate.

1 answer

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%.