Percent and Problem Solving: Sales Tax

1. A new large TV has a purchase price of $4790. If the sales tax on this purchase is $335.30, find the sales tax rate.

7% ;

Answered by drmallery | 2024-06-15

s a l e t a x r a t e = p u rc ha se p r i ce s a l e t a x ​ ∗ 100% s a l e t a x = 335 , 30$ p u rc ha se p r i ce = 4790$ s a l e t a x r a t e = 4790 335 , 30 ​ ∗ 100% s a l e t a x r a t e = 4790 33530 ​ % = 7% Sale tax rate is equal to 7%.

Answered by luana | 2024-06-24

The sales tax rate on a $4,790 TV with a sales tax of $335.30 is approximately 7%. This is calculated by dividing the sales tax by the purchase price and multiplying by 100. Thus, the formula used is Sales Tax Rate = Purchase Price Sales Tax ​ × 100% .
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Answered by luana | 2024-12-30