A computer sells for 32,000.00.  What is the tax rate for selling the computer set if the sales tax amounts to 2,720.00?

To determine the tax rate, you can use the formula:

\[
\text{Tax Rate} = \left(\frac{\text{Sales Tax}}{\text{Selling Price}}\right) \times 100
\]

Here, the selling price is \( 32,000.00 \) and the sales tax is \( 2,720.00 \).

Substituting the values:

\[
\text{Tax Rate} = \left(\frac{2,720.00}{32,000.00}\right) \times 100
\]

\[
\text{Tax Rate} = \left(0.085\right) \times 100
\]

\[
\text{Tax Rate} = 8.5\%
\]

So, the tax rate is **8.5%**.

Would you like further details or have any questions about this calculation?

Here are 5 related questions:
1. How would the tax amount change if the selling price increased?
2. What would be the selling price if the tax rate was 10%?
3. How can you calculate the total cost of the computer, including tax?
4. What formula would you use to find the sales tax if the tax rate and selling price are known?
5. How would you calculate the selling price before tax if you only know the total price and tax rate?

**Tip:** Always double-check the units (e.g., percentage, currency) when solving problems related to sales tax to ensure accuracy.

A computer sells for 32,000.00. What is the tax rate for selling the computer set if the sales tax amounts to 2,720.00?

Learn how to calculate the tax rate for a computer sold for 32,000 with a sales tax of 2,720. This problem covers basic percentage calculations and is suitable for students in Grades 6-8. Follow a step-by-step solution to determine the tax rate.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation