A souvenir mug sells for $8.00 at a hotel gift store.Kendra gives the clerk $9.00 and recives $0.56 un change.What is the sales

Question

4 years ago

12

tax rate?

1 answer:

goldenfox [79] · Answer 1 · 2022-01-09T04:21:56+03:00

Answer:

5.5%

Step-by-step explanation:

A souvenir mug sells for $8.00 at the hotel gift store.

Kendra gives the clerk $9.00 and receives $0.56 as a change.

So, Kendra has to pay $(9.00 - 0.56) = $8.44 for the mug.

Therefore, the souvenir bug's after-tax price is $8.44 while its original price is $8.00.

So, sale tax rate is $\frac{8.44 - 8.00}{8.00} \times 100 = 5.5$ %. (Answer)