Question

Derek and Jeannine buy a car for a total price, including tax, of $19,795. The price of the car was $18,500.

What is the tax rate?

Answer 1

7%

Explanation:

19,795 - 18,500 = 1295

What percent is 1,295 of 18,500

X/100 = 1295/18,500 (cross multiplication)

= 7%