Question

The rent for a light equipment is $\$1200$ and the tax levied is $\$90$. What is the tax rate?

• A. 6.5%
• B. 7%
• C. 7.5%
• D. 8%

Answer 1

The correct option is C 7.5%

Given,
Rent Amount = $\$1200$
Tax levied = $\$90$

Tax rate = $\frac{TaxAmount}{RentAmount}\times 100$
= $\frac{90}{1200}\times 100$

= $7.5\%$