Question

The sales tax for an item was $19.20 and it costs $480 before tax. Find the sales tax rate. Write your answer as a percentage

Answer 1

Answer:

sales tax rate = 4%

Step-by-step explanation:

In this problem formula to express one term in percentage is used

To express x as percentage of y is given by (x/y*100) %

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Cost of item = $480

sales tax = $19.20

we have to find sales tax rate.

sales tax rate is percentage of cost price which will levied as tax .

thus, we have to find sales tax as percentage of cost price.

using the percentage cost as given above

sales tax as percentage = sales tax/ cost of item *100

sales tax as percentage = 19.20/480 *100 = 4%

Thus, sales tax rate is 4%.

It means that if cost price of item is $100 then $4 will be the sales tax for the item.