Bythegoat1893 Bythegoat1893

08-01-2024
Business

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You are given the cost of an item before and after tax. Find the amount of tax and the tax rate.

A. Tax amount: $5.50, Tax rate: 10%
B. Tax amount: $6.75, Tax rate: 12.5%
C. Tax amount: $4.20, Tax rate: 8%
D. Tax amount: $7.92, Tax rate: 15%

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