if the sales tax rate is 7.375 in new york state , then how much sales tax would you pay in albany for a 34$ pair of pants ?
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given:
The sales tax rate is 7.375% in New York State.
Determine how much is the tax rate for $34 pair of pants.
Solution:
In order to determine the tax rate we simply multiply the decimal value of 7.375% to 34. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 7.375/100
= 0.07375
= (0.07375)($34)
= $2.5
Final answer:
The tax rate is $2.5