Question

George bought a model of a Viking ship for $68. If he paid

$5.10 in sales tax, what was the sales tax rate?

Answer 1

We can convert 6.75% to a decimal by dividing by 100.

If x is the price of the house, then the sales tax is 0.0675x. The price of the house and the sales tax add up to $319,000.

x+0.0675x=319,000

Combe terms on the left.

1.0675x=319,000

Finally, divide both sides by 1.0675.

x=319,0001.0675=298,829.04