Percents - GMAT Quantitative

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Question

Mrs. Smith purchased groceries whose price, before tax, was $147.64. What was the tax rate on those groceries (nearest hundredth of a percent)?

  1. The tax she paid was $9.23.

  2. The total amount she paid was $156.87

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Answer

To determine the tax rate, you need to know the purchase price, which is given, and the amount of tax paid. The amount of tax is given in Statement 1. Statement 2 alone, however, also allows you to find the amount of tax; just subtract:

Either way, you can now find the tax rate:

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