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What is the tax percentage used on a sale total of $2,016.30, when the base rate of the sale was $1,950?3.45%3.40%7.65%4.44%8.95%

Question

What is the tax percentage used on a sale total of 2,016.30,whenthebaserateofthesalewas2,016.30, when the base rate of the sale was 1,950?

  • 3.45%
  • 3.40%
  • 7.65%
  • 4.44%
  • 8.95%
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Solution

To find the tax percentage, you need to follow these steps:

  1. First, find the amount of tax paid. This is done by subtracting the base rate of the sale from the total sale amount. So, 2,016.30−2,016.30 - 1,950 = $66.30.

  2. Next, to find the tax rate, divide the tax amount by the base rate and then multiply by 100 to get a percentage. So, (66.30/66.30 / 1,950) * 100 = 3.4%.

Therefore, the tax percentage used on a sale total of 2,016.30,whenthebaserateofthesalewas2,016.30, when the base rate of the sale was 1,950 is 3.4%.

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