Question

The sales tax of an item w as $20and it cost $500 before text.Find the sales tax rate

Answer 1

The sales tax rate of an item is 4%.

Step-by-step explanation:

To find the sales tax rate, divide the amount of sales tax by the cost of the item.

In this case, the sales tax is $20 and the cost of the item is $500.

Sales Tax Rate = Sales Tax / Cost

Sales Tax Rate = $20 / $500

Sales Tax Rate = 0.04 or 4%

Therefore, the sales tax rate is 4%.