What is the sale tax for a purchase of $2,500 and what is the cost of an item with a sales tax of $108?

4.32%

Step-by-step explanation:

Step 1:

To solve this, we must know how to find sales tax first. Let's use this equation:

t = p × r

Let t stand for the total amount of sales tax

Let c stand for the purchase

Let r stand for the sales tax rate.

Step 2:

Now, let us plug in what is given. We know that the purchase made cost $2,500:

t = $2,500 x r

Annddd, we also know that the sales tax is $108:

$108 = $2,500 x r

Therefore, our equation is:

$108 = $2,500 x r

Step 3:

We can simplify this to:

$108 = $2,500r

Step 4:

All we need to do is divide each side by 2500 because the goal is get r all by itself

Step 5:

This gives us:

r = 0.0432

Step 6:

We're not done! Since we are dealing with a percentage, we would multiply .0432 by 100% and that gives us our final answer of

4.32% is our sales tax

15: 24

62.5%

step-by-step explanation:

the homeowners insurance cost for a 115,000 wood frame house is 80,500.

step-by-step explanation:

it is given that the coverage rate for wood frame house is 0.7.

the value of wood frame house is 115,000.

.

homeowners insurance cost for a 115,000 wood frame house is

therefore the homeowners insurance cost for a 115,000 wood frame house is 80,500.