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You purchased a good for $48.00
The total bill was $51.12
What was the tax rate?
Tax = Total Bill - Price
Tax Amount = $51.12 - $48.00
Tax Amount = $3.12
Call our sales tax percent x
Sales Tax Amount = Sale Price(x)
x = | Sales Tax Amount |
Sale Price |
x = | $3.12 |
$48.00 |
x = 0.065
Sales Tax % = Sales Tax Amount * 100
Sales Tax % = 0.065 * 100
Sales Tax % = 6.5%