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Thread: Sales Tax Rate

  1. #1
    Senior Member harpazo's Avatar
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    Sales Tax Rate

    A set of trading cards sells for 10 dollars before tax . After sales tax, its costs 12 dollars. What is the sales tax rates ?


    Tax amount = 12 - 10

    Tax amount = 2 dollars

    2 dollars is what percent of 10 dollars?

    2 = 10x

    2/10 = x

    1/5 = x

    0.20 = x

    20 percent = x

    Correct?
    Last edited by harpazo; Nov 27th 2018 at 09:36 AM.
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  2. #2
    MHF Contributor
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    Re: Sales Tax Rate

    Check it YOURSELF: 10* 1.20 = ?

    before * (1 + rate/100) = after
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  3. #3
    MHF Contributor MarkFL's Avatar
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    Re: Sales Tax Rate

    Correct.
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  4. #4
    Senior Member harpazo's Avatar
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    Re: Sales Tax Rate

    Quote Originally Posted by DenisB View Post
    Check it YOURSELF: 10* 1.20 = ?

    before * (1 + rate/100) = after
    10 * 1.20 = 12
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  5. #5
    Senior Member harpazo's Avatar
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    Re: Sales Tax Rate

    Quote Originally Posted by MarkFL View Post
    Correct.
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