Find the sales tax rate for each purchase.
Purchase,$25.79;Tax,$1.29
1.29 / 25.79 = 0.05 = 5%
The Answer is 5% Sales Rate
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To find the sales tax rate for this purchase, you can follow these steps:
Step 1: Calculate the tax rate percentage
To do this, divide the tax amount by the purchase amount.
Tax rate percentage = (Tax amount / Purchase amount) * 100
In this case:
Tax rate percentage = (1.29 / 25.79) * 100 = 5%
Therefore, the sales tax rate for this purchase is 5%.