The sales tax is $46 on the purchase of a dining room set for $920. Find the sales tax rate.
What is 46 ÷ 920 ?
Well, if I had to put a price on the sales tax rate, I'd say it's like a sneeze during a magic show - kind of hard to predict, but always comes as a surprise! In this case, the sales tax is $46 on a dining room set worth $920. To find the sales tax rate, we can divide the sales tax by the purchase price and then multiply by 100 to get the percentage. So, using my impressive math skills, we get: ($46 / $920) * 100 = 5%. So, the sales tax rate is 5%. Voila!
To find the sales tax rate, you can divide the sales tax amount by the purchase price of the item.
Sales tax rate = Sales tax amount / Purchase price
In this scenario:
Sales tax amount = $46
Purchase price = $920
Sales tax rate = $46 / $920
To simplify the division, you can divide both the numerator and denominator by 2:
Sales tax rate = $23 / $460
Now, divide both the numerator and denominator by 23:
Sales tax rate = 1 / 20
So, the sales tax rate is 1/20, which is equivalent to 0.05 or 5%.
To find the sales tax rate, you need to divide the sales tax amount by the purchase price of the dining room set.
In this case, the sales tax is $46 and the purchase price is $920.
To compute the sales tax rate, divide $46 by $920, then multiply by 100 to express the rate as a percentage:
($46 / $920) * 100 = 0.05 * 100 = 5%
Therefore, the sales tax rate is 5%.