SOLUTION: A man purchased a magazine at the airport for $2.99. The tax on the purchase was   $0.15.What is the tax rate at the​ airport? Round to the nearest percent.

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Question 1195443: A man purchased a magazine at the airport for $2.99. The tax on the purchase was  
$0.15.What is the tax rate at the​ airport? Round to the nearest percent.

Found 3 solutions by greenestamps, ikleyn, Alan3354:
Answer by greenestamps(13206) About Me  (Show Source):
You can put this solution on YOUR website!


%282.99%29x=0.15
x=0.15%2F2.99

That's 0.0517 to a few decimal places, or 5.17%

ANSWER: 5%


Answer by ikleyn(52864) About Me  (Show Source):
You can put this solution on YOUR website!
.

    0.15%2F2.99 = 0.050167,  or  5%, rounded to the nearest percent.



Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A man purchased a magazine at the airport for $2.99. The tax on the purchase was  
$0.15. What is the tax rate at the​ airport? Round to the nearest percent.
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If $2.99 was the price including the tax:
0.15/(2.99 - 0.15) = ~5.28%
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Either way, it's rounded to 5%.