Percy paid 24.10 for a basketball. The price of a basketball was 22.99. What was the sales tax rate?
2 answers:
Answer: The required sales tax rate is 4.83%.
Step-by-step explanation: Given that Percy paid 24.10 for a basketball and the price of a basketball was 22.99.
We are to find the sales tax rate.
According to the given information, the sales tax is given by

Therefore, the sales tax rate is given by

Thus, the required sales tax rate is 4.83%.
So, he paid 24.10 with the tax included, without the tax is 22.99, thus 24.10 - 22.99 or 1.11 is the tax amount.
now, if we take 22.99 to be the 100%, how much is 1.11 off of it in percentage?
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