Question

what is the tax rate if the price of the chair is ,54.00 and the total price (the price of the chair and the tax ) is 58.32 A.5%b.6%C.7%d.8%

Answer 1

Let us call p the price of the chair and t the amount of tax. Then we know that

`p=\$54.00`

and the price with tax is

`p+t=\$54.32`

which we be written as

`\$54.00+t=\$58.32`

Solving for t in the above equation gives

`t=\$4.32`

Therefore, the percentage tax on the price of the chair is

`(4.32)/(54)*100=8\%`

The percentage tax on the price of the chair is 8%.