The price of an Ice cream cone is $3.25, but it cost $3.51 with tax. What is the sales tax rate?
2 answers:
Answer:
The correct answer is 8 %.
Step-by-step explanation:
We have a product that costs 3.25. Including the tax, the total amount of this product will be 3.51.
Now we must find out what was the percentage applied to the ice cream.
We do it as follows:
We know that the total tax was 0.26.
To find out the percentage we will use the formula
Where P represents the percentage we want to obtain, B is the value of the tax, and A is the value of the product without the tax.
We multiply that result by 100.
P =
In this way we can show that 8% is the percentage applied.
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