Question content area left
Part 1
The sales tax is $55.74 on the purchase of a dining room set for $929. Find the sales tax rate.
To find the sales tax rate, we divide the sales tax amount by the purchase amount and then multiply by 100 to convert it to a percentage.
Sales tax rate = (sales tax amount / purchase amount) x 100
Given:
Sales tax amount = $55.74
Purchase amount = $929
Sales tax rate = (55.74 / 929) x 100
Sales tax rate = 0.0599781305 x 100
Sales tax rate = 5.99781305
Therefore, the sales tax rate is approximately 5.9978%.