Question

Juan’s purchase before sales tax was added totaled $46.00. the total including tax was $48.76. what was the sales tax rate?

Answer 1

The sales tax rate is 6%.

Answer 2

Answer:

6%

Step-by-step explanation:

Sales tax is the tax added to the cost of item being purchased by a consumer. It is also know as tax on consumption and is a percentage of the cost of the commodity being purchased.

Purchase before sales tax = $46.00

Purchased price after tax addition = $48.76

Therefore tax added = $48.76 - $46.00

= $2.76

Tax rate applied = $2.76/$46.00

= 0.06 or 6%

sales tax rate = 6%