latin america acquisition of grupo financiero uno in 2007 , citigroup completed its acquisition of grupo financiero uno ( gfu ) , the largest credit card issuer in central america , and its affiliates , with $ 2.2 billion in assets . the results for gfu are included in citigroup 2019s global cards and latin america consumer banking businesses from march 5 , 2007 forward . acquisition of grupo cuscatl e1n in 2007 , citigroup completed the acquisition of the subsidiaries of grupo cuscatl e1n for $ 1.51 billion ( $ 755 million in cash and 14.2 million shares of citigroup common stock ) from corporacion ubc internacional s.a . grupo . the results of grupo cuscatl e1n are included from may 11 , 2007 forward and are recorded in latin america consumer banking . acquisition of bank of overseas chinese in 2007 , citigroup completed its acquisition of bank of overseas chinese ( booc ) in taiwan for approximately $ 427 million . results for booc are included in citigroup 2019s asia consumer banking , global cards and securities and banking businesses from december 1 , 2007 forward . acquisition of quilter in 2007 , the company completed the acquisition of quilter , a u.k . wealth advisory firm , from morgan stanley . quilter 2019s results are included in citigroup 2019s smith barney business from march 1 , 2007 forward . quilter is being disposed of as part of the sale of smith barney to morgan stanley described in subsequent events . acquisition of egg in 2007 , citigroup completed its acquisition of egg banking plc ( egg ) , a u.k . online financial services provider , from prudential plc for approximately $ 1.39 billion . results for egg are included in citigroup 2019s global cards and emea consumer banking businesses from may 1 , 2007 forward . purchase of 20% ( 20 % ) equity interest in akbank in 2007 , citigroup completed its purchase of a 20% ( 20 % ) equity interest in akbank , the second-largest privately owned bank by assets in turkey for approximately $ 3.1 billion . this investment is accounted for using the equity method of accounting . sabanci holding , a 34% ( 34 % ) owner of akbank shares , and its subsidiaries have granted citigroup a right of first refusal or first offer over the sale of any of their akbank shares in the future . subject to certain exceptions , including purchases from sabanci holding and its subsidiaries , citigroup has otherwise agreed not to increase its percentage ownership in akbank . other items sale of mastercard shares in 2007 , the company recorded a $ 367 million after-tax gain ( $ 581 million pretax ) on the sale of approximately 4.9 million mastercard class b shares that had been received by citigroup as a part of the mastercard initial public offering completed in june 2006 . the gain was recorded in the following businesses : in millions of dollars pretax after-tax pretax after-tax .

Table: in millions of dollars 2007 pretax total 2007 after-tax total 2006 pretax total 2006 after-tax total global cards $ 466 $ 296 $ 94 $ 59 consumer banking 96 59 27 18 icg 19 12 2 1 total $ 581 $ 367 $ 123 $ 78

redecard ipo in 2007 , citigroup ( a 31.9% ( 31.9 % ) shareholder in redecard s.a. , the only merchant acquiring company for mastercard in brazil ) sold approximately 48.8 million redecard shares in connection with redecard 2019s initial public offering in brazil . following the sale of these shares , citigroup retained approximately 23.9% ( 23.9 % ) ownership in redecard . an after-tax gain of approximately $ 469 million ( $ 729 million pretax ) was recorded in citigroup 2019s 2007 financial results in the global cards business . visa restructuring and litigation matters in 2007 , visa usa , visa international and visa canada were merged into visa inc . ( visa ) . as a result of that reorganization , citigroup recorded a $ 534 million ( pretax ) gain on its holdings of visa international shares primarily recognized in the consumer banking business . the shares were then carried on citigroup 2019s balance sheet at the new cost basis . in addition , citigroup recorded a $ 306 million ( pretax ) charge related to certain of visa usa 2019s litigation matters primarily recognized in the north america consumer banking business. .

Question: what was the tax rate applied to the company recorded sales of the mastercard shares in 2007 , the company recorded a $ 367 million after-tax gain ( $ 581 million pretax )
Answer: 36.83%
Calculation: divide(subtract(581, 367), 581)