Answer:
8%
Explanation:
To get the answer we can use proportion. We know that 4$ its 100% and 4.32 its 100% + taxes.
4$ ---------- 100%
4.32 -------- x
cross multiply now
4x=4.32*100%
4x=432% /:4
x=108%
We know that 4.32 its 100% + taxes=108% so to get taxes we have to subtract 108-100.
108%-100%=8% - its the answer.
$4 represents the sale price
4.32 - 4 =$ .32 represents the sale tax
Tax rate is the percentage $ .32 out of $4.
4 is 100%
.32 is x%
Cross multiply to find x, and divide by 4
x= (.32·100) / 4
x = 8
The tax rate is 8%.
1.6m questions
2.0m answers