25.02 − 24.00 = x 1.02 = x 24.00 ( x ) = 1.02 24 x = 1.02 24 24 x = 24 1.02 x = 0.0425 Sales tax rate is 4.25&
he paid $1.02 tax. i think that based on this, the tax rate would be 1.025%, but i might be wrong ;
The sales tax rate is calculated by finding the sales tax amount paid, which was $1.02, and dividing it by the book's price of $24.00. This gives a tax rate of 0.0425 or 4.25%. Therefore, the final sales tax rate is 4.25%.
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