If a shirt costs $40 and the amount of tax collected was $2 what is the sales tax rate?

Question

Mathematics

Allisson Hester

12 October, 20:13

If a shirt costs $40 and the amount of tax collected was $2 what is the sales tax rate?

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Answers (2)

Know the Answer?

Iyana Schultz · Answer 1

5%

Step-by-step explanation:

To find the tax, we take the price times the tax rate

2 = 40 * rate

Divide each side by 40

2/40 = rate

.05 = rate

Changing to percent form

5% = rate

Zayden Woodward · Answer 2

tax rate = 2 / 40 = 1 / 20 = 0.05 * 100 = 5%