Question

An item costs $410 before tax, and the sales tax is $28.70 . whats the sales rate

Answer 1

You take the sales tax and divide it by the items cost then take the quotient and turn it into a percent

28.70/410= .07=7%

Answer 2

The sales rate of product is $438.70.

Explanation:

Cost of item before tax = $410

Amount tax to be paid as a sales tax = $28.70

Sales rate is the sum of original cost of the an article and sales tax paid on that article.

Sales rate = Cost of a item + Sales tax

Sales rate =$410 + $28.70 = $438.70

The sales rate of product is $438.70.