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  • 04-02-2020
  • Mathematics
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A pack of cinnamon-scented pencils sells for $5.00. What is the sales tax rate if the total cost of the pencils is $5.40?

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marissareilly
marissareilly marissareilly
  • 04-02-2020

Answer:

The sales tax rate is 5%

Given:

Sales price = 5.00

Total amount paid = 5.25

Sales tax value = Total amount paid - sales price

                         = $5.25 - $5.00 

Sales tax value = $0.25

Sales tax rate = Sales tax / Sales price

                       = 0.25/5 

Sales tax rate  = 0.05 or 5%

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