Apack of cinnamon-scented pencils sells for $5.00. what is the sales tax rate if the total cost of the pencils is $5.35? the sales tax rate is:
Apack of cinnamon-scented pencils sells for $5.00. what is the sales tax rate if the total cost of the pencils is $5.35? the sales tax rate is:
If the cost is $5.00 and the total cost is $5.35, then the tax rate is 7%.
Explanation:
(Converted dollars to cents)
535 - 500 = 35
35 ÷ 500 x 100 = 7%.
sales tax 6%
Step-by-step explanation:
pencils' price= $ 5.00
pencils' price + sales tax = $5.30
$5.00 + sales tax = $5.30
sales tax = $5.00- $5.30
sales tax= $0.30
sales tax = % in decimals times pencils' price
$0.30 = p x $5.00
p= $0.30/ $5.00
p= 0.06
in percent is 6%
Calculate the percentage increase,work out the difference (increase) between the two numbers you are comparing. Then divide the increase by the original number and multiply the answer by 100.
520-500 = 20
20÷500 =.04
.04 ×100= 4%
(Total price - sale price)/sale price so (5.25 - 5)/5 = 5%
To find the sales tax, you subtract, the cost without the sales tax from the total cost which is 5.35-5. So the sales tax is 35 cents. To find the tax rate, you need to find what percent of the cost without sales tax is 35 cents. So you do 5x=.35. You find x to be .07. And since you need to change that to a percentage, you multiply be 100 and get 7%. Hope this helps.
The sales tax rate is .15%
The sales tax rate is 7%
Given:
Sales price = 5.00
Total amount paid = 5.35
Sales tax value = Total amount paid - sales price
= $5.35 - $5.00
Sales tax value = $0.35
Sales tax rate = Sales tax / Sales price
= 0.35/5
Sales tax rate = 0.07 or 7%
The sales tax rate is 5%
Given:
Sales price = 5.00
Total amount paid = 5.25
Sales tax value = Total amount paid - sales price
= $5.25 - $5.00
Sales tax value = $0.25
Sales tax rate = Sales tax / Sales price
= 0.25/5
Sales tax rate = 0.05 or 5%
5.00 + 3%= 5.15
The raw is 3%