The total price of an article is $7.02, including tax. If the tax rate is 8%, what is the retail price of the article?

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08-05-2018
Mathematics

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The total price of an article is $7.02, including tax. If the tax rate is 8%, what is the retail price of the article?

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ja1aina ja1aina · Answer 1 · 2018-05-08T16:35:48+02:00

ja1aina ja1aina

08-05-2018

(7.02-x)/x=8 percent or 0.008. multiply both sides by x and subtract tax*x. Subtract the total cost and divide both sides by -1.008. The original cost is ~$6.96

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