SOLUTION: Find the amount of tax and the tax rate. Round to two decimal places. Cost of item: $99. Selling price: $107.52

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Question 1140047: Find the amount of tax and the tax rate. Round to two decimal places. Cost of item: $99. Selling price: $107.52
Answer by greenestamps(13198) About Me  (Show Source):
You can put this solution on YOUR website!


amount of tax: 107.52-99+=+8.52

tax rate: 8.52%2F99 = .0860606...; round as required