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3 years ago

A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the airport?

Business

1 answer:

lana66690 [7]3 years ago

4 0

Answer:

Tax on the airport= 5.376%

Explanation:

The tax rate on the airport can be calculated from the price of the magazine on the airport and tax which is on the magazine when purchasing from the airport.

Tax rate at the airport=(Tax on the Purchase)/(Price of magazine at which it is purchased)

$Tax\ rate\ at\ the\ airport=\frac{\$0.15}{\$2.79}$

$Tax\ rate\ at\ the\ airport=0.05376$

In percentage:

Tax on the airport= 0.05376*100

Tax on the airport= 5.376%

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Variable costs in the company's contribution margin income statement for the year =?

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Read 2 more answers

A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the​ airport?

A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the airport?