Best data type to use for sales tax percent

(Sorry for the super-easy question)

I want to store sales tax (as a percent) in the DB, such as 9.5%.
What's the best data type for this?  I'm guessing numeric(2,3) should
be fine, yes?  I'm not too familiar with the numeric type (I was using
"real" before), but as I understand the data will be stored using the
necessary number of bits on the disk?  Thanks!

Mike