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Sales Tax on purchase of 48 and total of 51.12

Enter price and total bill:

<-- Enter Price
<-- Enter Total Bill
  
You purchased a good for $48.00
The total bill was $51.12
What was the tax rate?

Calculate Total Tax Amount:

Tax = Total Bill - Price
Tax Amount = $51.12 - $48.00
Tax Amount = $3.12

Setup Sales Tax Equation:

Call our sales tax percent x
Sales Tax Amount = Sale Price(x)

Divide each side of the equation by x:

x  =  Sales Tax Amount
  Sale Price

Plug in our values

x  =  $3.12
  $48.00

x = 0.065

Sales Tax %:

Sales Tax % = Sales Tax Amount * 100
Sales Tax % = 0.065 * 100






What is the Answer?

Sales Tax % = 6.5%

How does the Sales Tax Calculator work?

Free Sales Tax Calculator - Given a sales price and a total bill, this calculates the sales tax amount and sales tax percentage
This calculator has 2 inputs.

What 2 formulas are used for the Sales Tax Calculator?

  1. Tax Amount = Total Bill - Sales Price
  2. Sales Tax Percentage = Sales Tax Amount * 100/Price

For more math formulas, check out our Formula Dossier

What 5 concepts are covered in the Sales Tax Calculator?

percent
a specified amount in or for every hundred. one part in every hundred.
n% = n/100
price
the amount of money expected, required, or given in payment for something
sale
the exchange of a commodity or service for money; the action of selling something
sales tax
a tax paid to a governing body for the sales of certain goods and services.
tax
a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures

Example calculations for the Sales Tax Calculator

  1. You bought jewelery that was priced at $6.52, and the total bill was $7.99. What is the sales tax rate?
  2. You paid 8.25 for a meal purchased at a price of 7.02. How much was the tax?
  3. You bought a sandwich for 8.50. You paid 10.00. How much was the tax?

Sales Tax Calculator Video


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