Answer:
5.5%
Step-by-step explanation:
The tax rate is a percentage multiplied by the product's cost.
Here, that can be shone like this (t = tax):
25000 * t = 1375
To solve, we can divide 25000:
t = 0.055
As a percentage, the decimal point moves two points to the right, resulting in 5.5%.
Answer:
Sales tax rate is 5.5%
Step-by-step explanation:
The price of the car = $25,000
Sales tax on the car is = $1,375
We will calculate the sales tax rate of the car.
Sales tax rate = [tex]\frac{1,375}{25,000}\times 100[/tex]
= 0.055 × 100
= 5.5%
The sales tax rate is 5.5%