An item has a listed price of $50. If the sales tax rate is 3%, how much is the sales tax in dollars?
2 answers:
When I set up my problem I got this. $48.50. I'm pretty sure that's right. if not I'm sry
or it is $1.50
The listed price of an article = $50
The sales tax rate = 3%
We have to find the sales tax in dollars, in this article.
Sales tax rate = 3% of $50
When we remove percentage sign, we divide that number by 100, so we get
Sales tax rate = of $50
=
=
=$1.5
Therefore, the sales tax rate in this article is $1.5
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