Question

Tamika buys a jet ski priced at $7600, but pays $8056.00 with tax. What is the tax rate where tamika lives

Answer 1

The tax rate is 6%.

Explanation:

Given:

Cost price of jet ski is $
`7600`.

Price of jet ski with tax is $
`8056`.

Now, calculate the difference between the prices
`8056-7600=456`.

And, then the tax rate of the jet ski
`(456)/(7600)*100=(45600)/(7600)=6`.

Therefore, the tax rate is 6%.