08-02-2015
Mathematics

Answered

A hardcover book sells for $24 at the bookmart. Ben pays a total of $25.02 for the book. What is the sales tax rate?

Answer :

Gwenuin Gwenuin

08-02-2015

Increase in price = $25.02 - $24.00

= $1.02

Tax rate = [tex] \frac{1.02}{24.00} [/tex]

Tax rate = 0.0425

0.0425 = 4.25%

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