After sales tax is added the total cost of 58.00 dollars purchade is 61.48 dollars What is the sales tax rate on the purchase?
(61.48 - 58) / 58 = ?
Multiply the decimal answer by 100 to get the percent.
To calculate the sales tax rate on a purchase, we need to find the difference between the total cost and the original price (excluding tax), and then divide that difference by the original price.
Let's denote the sales tax rate as "x".
Step 1: Find the difference between the total cost and the original price:
Total cost - Original price = Sales tax amount
$61.48 - $58.00 = $3.48
Step 2: Divide the sales tax amount by the original price and convert it to a percentage:
(Sales tax amount / Original price) * 100 = Sales tax rate
($3.48 / $58.00) * 100 = 6%
Thus, the sales tax rate on the purchase is 6%.