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27 January, 11:46

Santino bought a book for $23.54. The price of the book was $22. What was the sales-tax rate?

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  1. 27 January, 13:19
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    We first find value of tax in dollars.

    The difference between the two prices is: 23. 54 - 22 = 1.54

    Therefore the sales tax in dollars is 1.54

    The tax % will be (amount of tax / original cost price) * 100

    (1.54 / 22) * 100 → (0.07) * 100 = 7

    So the tax rate is 7%

    We can double check the answer.

    7 % of 22 → (7/100) * 22 → 0.07 * 22 = 1.54

    22 + 1.54 = 23.54
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