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Olivia pays $189 for a painting, including tax.

If the actual price is $179.50, what is the sales tax rate?

Respuesta :

marisacireddu
0.05 or 5%

1. you would take 189 and subtract 179.50

2. from that you would get 9.50

3. you would then divide 9.50 by 179.50

4. therefore the tax rate would be 0.05 or 5%

The sales tax rate = 5.29%

What is the formula for tax rate?

"Tax rate = (Tax amount / Price before tax) × 100% "

What is the formula for tax amount?

"Tax amount = Final price - Price before tax"

For given question,

Olivia pays $189 for a painting, including tax.

⇒ Final price = $189

The actual price of the painting is $179.50

⇒ Price before tax = $179.50

Using the formula of tax amount,

⇒ Tax amount = Final price - Price before tax

⇒ Tax amount = 189 - 179.50

⇒ Tax amount = 9.5

Now we find the sales tax rate.

Using the formula of tax rate,

⇒ Tax rate = (Tax amount ÷ Price before tax) × 100%

⇒ Tax rate = [tex]\frac{9.5}{179.50} \times 100~\%[/tex]

⇒ Tax rate = 5.29%

Therefore, the sales tax rate = 5.29%

Learn more about the tax rate here:

https://brainly.com/question/16890531

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