[tex]\huge \bf༆ Answer ༄[/tex]
Sales tax on the item is ~
[tex] { \qquad{ \sf{ \dashrightarrow}}} \: \: \sf \$23.40[/tex]
Cost of the item is ~
[tex]{ \qquad{ \sf{ \dashrightarrow}}} \: \: \sf \$390[/tex]
sale tax rate is ~
[tex]{ \qquad{ \sf{ \dashrightarrow}}} \: \: \sf \: \dfrac{ \$23.40}{ \$390} \times 100[/tex]
[tex]{ \qquad{ \sf{ \dashrightarrow}}} \: \: \sf \: 0.06 \times 100[/tex]
[tex]{ \qquad{ \sf{ \dashrightarrow}}} \: \: \sf \: 6 \%[/tex]
Therefore, the sales tax rate is 6 %
The sales tax rate is 6%.
Sales tax is a compulsory sum levied on the sales of certain goods and services. Sales tax increases the price of goods and services.
Sales tax rate = (sales tax / total cos of of the item) x 100
($23.40 / $390) x 100 = 6%
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