A patient is at your store buying a glucose monitor. the item sells for $69.99. After tax their total is $75.94. what is the tax rate?Reply (by Keith)This is how you determine that:75.94 ÷ 69.99 = 1.085Then, whatever is after the decimal is your percentage. In this case it's 8.5%.To check your answer, multiply the sale price by that rate and add it all up.That would look like this :69.99 X .085 = 5.95 (tax)69.99 (Price)+5.95 (Tax)75.94 (Total)This is also explained on the Percentage Math Page, about half way down the page. Look for "Markup Percentage Math".
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