A t-shirt costs $16.50 with the total cost, including tax coming to $17.66. what was the tax rate? (% of change)

Question

Mathematics

Braxton Harris

2 November, 21:00

A t-shirt costs $16.50 with the total cost, including tax coming to $17.66. what was the tax rate? (% of change)

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Answers (1)

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Leslie Holloway · Answer 1

7.03%

17.66 (after tax) - 16.50 (original price) = 1.16 (tax amount)

1.16 is 7.03% of the original price

you can check by multiplying 16.5*1.0703 to see the effect of tax and that 7.03% is the percent change