Massachusetts Pharmacy Technician License Practice Test

To determine the correct tax rate, it is essential to first find the taxable amount, which is the price of the glucose monitor before tax. In this case, the glucose monitor sells for $69.99, and the total cost after tax is $75.94. To find the tax amount, subtract the original price from the total price after tax: Tax Amount = Total Price After Tax - Original Price Tax Amount = $75.94 - $69.99 Tax Amount = $5.95 Next, to find the tax rate, divide the tax amount by the original price and then convert that figure into a percentage: Tax Rate = (Tax Amount / Original Price) x 100 Tax Rate = ($5.95 / $69.99) x 100 Tax Rate ≈ 8.5% This calculation confirms that the tax rate applied to the glucose monitor is approximately 8.5%, which corresponds to the correct answer choice. The tax rate reflects how much more the customer pays in addition to the original price, and it is crucial for understanding how sales tax impacts consumer purchasing decisions. In the context of the other options, the provided calculations demonstrate that slight variations in the tax amount can lead to different