The sales tax rate is 5%.
Step-by-step explanation:
Given,
Sales tax for an item = $24.50
Cost of item before tax = $490
Sales tax rate = [tex]\frac{Sales\ tax}{Cost\ of\ item}*100\\[/tex]
[tex]Sales\ tax\ rate=\frac{24.50}{490}*100\\\\Sales\ tax\ rate=\frac{2450}{490}\\\\Sales\ tax\ rate=5\%[/tex]
The sales tax rate is 5%.
Keywords: sales tax, percentage
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