Mike purchased a pair of jeans that cost 4800 the cost of ta

Mike purchased a pair of jeans that cost $48.00. the cost of tax on his purchase was 4.08. what percent of the purchase price was the tax rate?

Solution

Mike purchased a jeans that costs $ 48.00

The cost of tax on his purchase is 4.08

cost of jeans = initial price of jeans + tax

48 = initial price + 4.08

initial price = 43.92

tax on jeans = initial price * rate of tax / 100

4.08 = 43.92 * rate / 100

rate = 9.29 %