You're holiday shopping and find a good sale! The normal price of a Twins shirt is $30, but it is on sale for $24. The tax on the sale price is $1.32. What is the discount rate? What is the tax rate?
Discount rate: you saved $6.00 off an original amount of $30.00
---> 6/30 = 1/5 = .2 = .20 = 20%
Tax rate: $1.32 / $24.00 = 0.055 = 5.5%
