Q:

HELP PLEASE ASAP 50 points ( IM TIMEdCharles purchased a vintage guitar for $6,000. If he paid $570 in sales tax, what is the sales tax rate where he bought the guitar?Final result: ________The additional sales tax increased the price of the guitar by 9.25%, which is the sales tax rate.The additional sales tax increased the price of the guitar by 9.5%, which is the sales tax rate.The additional sales tax increased the price of the guitar by 9.75%, which is the sales tax rate.The additional sales tax increased the price of the guitar by 9%, which is the sales tax rate.original amount = ________6,5406,0006,5856,570amount of change = ________540585555570percent = ________9x9.259.5

Accepted Solution

A:
Answer:The additional sales tax increased the price of the guitar by 9.5%, which is the sales tax rate.original amount: 6000amount of change: 570percent = 9.5Step-by-step explanation:A percentage change is computed using the formula ... Β  (amount of change)/(original amount) Γ— 100% = (percentage change)Putting in the numbers from the problem statement, we have ...amount of change = increase in guitar price due to sales tax = $570original amount = price before sales tax is added = $6000 Β  $570/$6000 Γ— 100% = 9.5%percentage change = 9.5%Since the only addition to the final price is sales tax, the percentage change is the tax rate.The tax rate is 9.5%.