Question

The cost of a washer is $2100. The sales tax is $152.25. What is the sales tax rate?
a) $20
c) $20.50
b) S21
d) $20.25​

Answer 1

Answer:

 $\text{Tax Rate}=7.25\%$

Step-by-step explanation:

Given : The cost of a washer is $2100. The sales tax is $152.25.

To find : What is the sales tax rate?

Solution :

We know,

$\text{Sales Tax} = \text{Tax Rate}\cdot \text{Purchase Price}$

We have given,

Purchase price is the cost of washer = $2100.

The sales tax = $152.25

Substitute in the formula,

$\text{Tax Rate}=\frac{\text{Sales Tax}}{\text{Purchase Price}}$

$\text{Tax Rate}=\frac{152.25}{2100}$

$\text{Tax Rate}=0.0725$

Into percentage,  $\text{Tax Rate}=0.0725\times 100$

 $\text{Tax Rate}=7.25\%$