A child s surprised that because of sales tax she must pay $1.36 for a toy marked $1.25. what s the effective tax rate on this purchase?

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a child s surprised that because of sales tax she must pay $1.36 for a toy marked $1.25. what s the effective tax rate on this purchase? expressed as a percentage…

Answer:

(1.36-1.25)/(1.25)= 0.11/1.25=0.088

8.8%