SOLUTION: Hello, I need help finding the tax percent rate of (cost $7.50) (Cost $7.50 + tax = $7.99 . How can I solve this? Thank you very much!

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Hello, I need help finding the tax percent rate of (cost $7.50) (Cost $7.50 + tax = $7.99 . How can I solve this? Thank you very much!      Log On


   

Question 684275: Hello,

I need help finding the tax percent rate of (cost $7.50) (Cost $7.50 + tax = $7.99 . How can I solve this? Thank you very much!
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
7.50+TAX=7.99
TAX=7.99-7.50
TAX=.49 AMOUNT OF TAX.
.49/7.50=.0807 OR 8.07 % IS THE TAX.