Anita paid a total of $57.50 for a blazer. The price of the blazer was $52.85. What was the sales tax rate?
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Answer:
If Anita paid a total of $57.50 for a blazer and the original price was $52.85, the sales tax rate was 8.798%.
527.50 - 52.85 / 52.85 =0.08798
=8.798%
Step-by-step explanation:
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The Rate of tax = 8.79%
Given:
Anita paid a total of $57.50 for a blazer.
The price of the blazer was $52.85.
To find:
The sales tax rate
Solution:
Given total amount paid by Anita = $57.50
The price of the Blazer = $52.85
The tax paid by Anit = Total price - cost price
The Tax paid by Anita = $57.50 - $52.85 = 4.65
The formula for the rate of tax = (tax/cast price)100 = = 8.79%
The Rate of tax = 8.79%
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