tax rate??

Question

Find the amount of tax and the tax rate. If necessary, round to nearest tenth of a percent.


Cost of item: $156


Selling price: $183.30


a. Find the Tax. Include the dollar sign in your answer.



b. Find the Tax Rate. Include the percent symbol in your answer. If necessary, round to the tenths place.

Answer 1

Use these formulas.

 

 

Tax = Selling price - Cost of item

 

Tax rate = [(Selling price - Cost of item) / Cost of item] * 100