Suppose Anil bought something that was priced at Rs 6.95, and the total bill was Rs 7.61. What is the sales tax rate in this city?

Asked by Topperlearning User | 4th Jun, 2014, 01:23: PM

Expert Answer:

The sales tax is a certain percentage of the price, so  first figure out what the actual tax was.

The tax was:

7.61 - 6.95 = 0.66

 

Then

Rate of sale tax =  

 

Hence, the sales tax rate is 9.5%.

Answered by  | 4th Jun, 2014, 03:23: PM