Please Help! Tax rates?

Ulrike Hert: You use this equation...tax = rate*priceThis means that...rate = tax/priceprice = tax/rate(1)rate = tax/price = $15/$500 = 0.03 = 3%(2)rate = tax/price = $9.12/$456 = 0.02 = 2%(3)price = tax/rate = $24.75/0.055 = $450On this one, be sure to use 0.055 instead of 5.5 for the rate!...Show more

Raul Lushbaugh: 15/500=3%9.12/456=2%24.75*5.5%=450