Question

Find the sales tax rate.The sales tax rate is ____%picture attached down below

Answer 1

The tax rate is 3%

STEP - BY - STEP EXPLANATION

Problem Given:

The tax rate is $22.20 on the purchase of a dinning room set for $740. Find the sale tax rate.

The sale tax rate can be calculated using the formula below:

`\frac{new\text{ value}}{\text{original value}}*100\text{ \%}`

Substitute the value and simplify.

`(22.20)/(740)*100\text{ \%}`
`=0.03*100\text{ \%}`
`=3\text{ \%}`

Hence, the tax rate is 3%