Percy paid $24.10 for a basketball. The price of the basketball was $22.99. What was the sales tax rate?

Question

anonymous · Answer

yes i am in consumers mathmatics

anonymous · Answer

Paid/price tag*100 is difference in % from price tag.

mayankdevnani · Answer

4.58 is answer          right      @lilhen

mayankdevnani · Answer

or  4.8

anonymous · Answer

yes indeed

mayankdevnani · Answer

4.8 is answer

anonymous · Answer

ok

mayankdevnani · Answer

To figure out what the sales tax rate is, we use a simple formula: 

Original Price plus a certain percentage of the original price equals the sales price. Written mathetmatically: 

x + %x = y 

x = original price
y = sales price
% = sales rate

In this case: 
x = 22.99
y = 24.10
% = unknown

So inputting all the known values into the formula, we get: 

22.99 + %(22.99) = 24.10

Now we solve for %, which is the sales rate: 

22.99 + %(22.99) = 24.10

Subtract 22.99 from both sides: 
%(22.99) = 24.10 - 22.99
%(22.99) = 1.11

Divide both sides by 22.99: 
% = 1.11/22.99

% = 4.8

mayankdevnani · Answer

ok       @lilhen

mayankdevnani · Answer

am i right       @jiteshmeghwal9

anonymous · Answer

yes  thank you tht was simpler than how im being taught ill save this

mayankdevnani · Answer

ok welcome

jiteshmeghwal9 · Answer

u r really a commercial mathematics teacher :)

mayankdevnani · Answer

thnx..       @jiteshmeghwal9