Suppose you bought a book that was priced at $6.95, and the total bill was $7.61. What is the sales tax rate in this city?
2007-11-22 17:15:17 · 6 answers · asked by Anonymous 2 in Science & Mathematics ➔ Mathematics
Total bill = book + tax
7.61 = 6.95 + tax
tax = 0.66
sales tax rate = 0.66 / 6.95 * 100%
= 9.4964%
2007-11-22 17:21:09 · answer #1 · answered by Chan A 3 · 0⤊ 0⤋
Subtract the marked price from the total cost, this is the tax. Multiply that by 100 (just move the decimal two places to the right). Now divide that by the marked price, and the answer will be the percent rate of tax.
On a calculator, just do tax, div key, price, % key.
2007-11-22 17:24:38 · answer #2 · answered by TitoBob 7 · 0⤊ 0⤋
Steffi gave a powerful answer. Tax is truthfully extremely logical and at present forward as quickly as you recognize the guidelines and the place to look. it quite is significant comprehend the undertaking-loose strategies so as which you would be able to examine your payslip. maximum folk double your age or much greater have not got any clue in any respect approximately tax. The HMRC internet site is rather person-friendly and you may discover out a pair of lot of issues there. The difficult section approximately tax is that the legislations variations extremely in lots of situations and folk are consistently attempting to detect loop holes to get out of paying tax. this means that tax which could be very at present forward now and back has a tendency to grow to be a sprint complicated. I desire you nicely alongside with your maths challenge.
2017-01-06 00:32:01 · answer #3 · answered by looney 3 · 0⤊ 0⤋
6.95+x*6.95=7.61
solve for x=.0949 therefore the tax rate is 9.49%
2007-11-22 18:49:52 · answer #4 · answered by smacka_velly 2 · 0⤊ 0⤋
tax rate=[(7.61-6.95)/6.95]*100%=9.50%
2007-11-22 17:19:58 · answer #5 · answered by William 3 · 0⤊ 0⤋
try (7.61 - 6.95)/6.95 = .0949 or 9.49 %
2007-11-22 17:18:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋