A certain car costs $6,595 before taxes are added. Taxes are $460 and license tags cost $55.
2 answers:
T/100 * 6595 = 460 + 55
Answer:
The overall tax rate is 7%
Step-by-step explanation:
To calculate the overall tax rate, you can use a rule of three to determine the percentage of the taxes ($460) in regards to the cost of the car ($6,595). The license tags cost is not considered as it is an expense.
$6,595 → 100%
$460 → x
x= ($460*100%)/$6,595
x= 7%
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