A certain car costs $11,595 before taxes are added. Taxes are $860 and license tags cost $95.
What is the overall tax rate (to the nearest tenth)? %
(860+95)/11595= .0823630875 *100= 8.236
If the license tags are not included as taxes:
860/11595 = ?
If the tags are included as taxes:
(860+95)/11595 = ?
To find the overall tax rate, we need to first calculate the total cost of the car after taxes and license tags are added.
The total cost of the car after taxes and license tags can be calculated by adding the cost of the car, the taxes, and the license tags:
Total cost = Cost of the car + Taxes + License tags
Total cost = $11,595 + $860 + $95
Total cost = $12,550
Now, let's find the overall tax rate:
Overall tax rate = (Taxes / Total cost) x 100
Overall tax rate = ($860 / $12,550) x 100
Overall tax rate = 0.0686 x 100
Overall tax rate = 6.86%
Therefore, the overall tax rate, to the nearest tenth, is 6.9%.