Question

The sales tax for an item was $24.50 and it cost $490 before tax.

Answer 1

The sales tax rate is 5%.

Step-by-step explanation:

Given,

Sales tax for an item = $24.50

Cost of item before tax = $490

Sales tax rate = $\frac{Sales\ tax}{Cost\ of\ item}*100$

$Sales\ tax\ rate=\frac{24.50}{490}*100\\\\Sales\ tax\ rate=\frac{2450}{490}\\\\Sales\ tax\ rate=5\%$

The sales tax rate is 5%.

Keywords: sales tax, percentage

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