Question

$5.50 plus sales tax after tax the price was $5.86 what’s the tax rate

Answer 1

Answer: 6.5%

Explanation:

$5.86 -$5.50

=$0.36

We then divide $0.36 by 5.50 =0.065

Multiply by 100 to convert decimal to percentage= 0.065×100

=6.5%