What is the tax rate of a diamond ring equation?‎

Answer by  linsm (898)

Figuring out the tax rate of a diamond is easily done with basic mathematical skills. Each state has its own tax rate. Tax is figured on the acutal cost of the diamond ring. Cost X percent: tax Example: $3000 ring, tax is 6% $3000 x .06: $180.00. Ring total with tax: $3000.00 + $180.00 = $3180.00 Total ring cost.

Answer by  Suresh1000 (29)

The tax rate of a diamond ring equation is the additional amount that is paid on a diamond and is the fraction of the initial payment expressed as a percentage or expressed in dollars.