Question

Tax on a new boat costing$7,200 is $504. At the same tax ratio, what would

Be the tax on a new boat costing $8,000?

Answer 1

tax= $ 560

Explanation:

504/7200 × 100 = 7%

7/100 × 8000 = $ 560

Answer 2

$504 divided by $7,200 would give us the tax rate, .07 or 7 percent; if you multiply 8000 by that percentage and add the product of that to $8,000, you will have --->$8,560<---