The listed price of an article = $50
The sales tax rate = 3%
We have to find the sales tax in dollars, in this article.
Sales tax rate = 3% of $50
When we remove percentage sign, we divide that number by 100, so we get
Sales tax rate = [tex] \frac{3}{100} [/tex] of $50
= [tex] \frac{3}{100} \times 50 [/tex]
=[tex] \frac{150}{100} [/tex]
=$1.5
Therefore, the sales tax rate in this article is $1.5
