Question

including tax, allie pays $8652.60 for a used car, if the price before tax was $8280, what is the tax rate where allie lives

Answer 1

4.49% (rounded to 2 decimal places)

Explanation:

Let the tax rate be r%

The tax paid on car = (Final Sale Price) - (Before Tax Price)

= 8652.60 - 8280 = $372

Tax rate as a decimal = Tax/(Before Tax Price)

= 372/8652.60 ≈ 0.0449275 (rounded to 7 decimal places)

To find tax rate as percentage multiply the above by 100 to get tax rate as
0.0449 x 100 ≈ 4.49275% ≈ 4.49% (rounded to 2 decimal places)