SOLUTION: if you were charged $762 in taxes on a 2,540 purchase, what percent tax were you charged?

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Question 481166: if you were charged $762 in taxes on a 2,540 purchase, what percent tax were you charged?
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
if you were charged $762 in taxes on a 2,540 purchase, what percent tax were you charged?
.
Let x = tax rate
then
2540x = 762
x = 762/2540
x = 0.30
or
x = 30% (that is an awfully high tax rate!)