Question

A coat has a purchase price of $22. If the sales tax on this purchase is $1.43, find the sales tax rate.

Answer 1

Given:

A coat has a purchase price of $22

The sales tax on this purchase is $1.43

The sales rate will be calculated by dividing the sales tax by the price

So, the sales tax rate =

`(1.43)/(22)=0.065`

The sale rate as a percent = 0.065 x 100 = 6.5%