Question

On a trip, Alexander bought a ping-pong racket for $13. With the tax, he paid $14.04. What is the tax rate, in percent?

Answer 1

8%

Explanation:

Take 14.04 and subtract 13, getting you 1.04, you then take this value and divide it by the original value, in this case 13, and you get the percent in decimal form, convert it to a percent and there you go

Answer 2

8% tax rate.

Explanation:

`(14.04)/(13) =1.08`

The 8% (0.08) is the tax rate because the 100%, or 1.00, is the original price of the racket, which was $13.