Question
The purchase price for a camping tent is $100. If the sales tax is $8.40, what is the sales tax rate?
Solve the problem to find the tax rate.
The purchase price for a camping tent is $100. If the sales tax is $8.40, what is the sales tax rate?
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Koala Tutor
Koala Ai Support
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To find the sales tax rate, we need to divide the sales tax amount by the purchase price and then multiply the result by 100.
Sales tax rate = (Sales tax amount / Purchase price) * 100
Sales tax rate = ($8.40 / $100) * 100
Sales tax rate = 0.084 * 100
Sales tax rate = 8.4
The sales tax rate is 8.4%.
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