What is the original price of an item cost if the tax is 9.25% and the discount is 25% and the new price after discount and tax is $62.28?

Respuesta :

Answer: $ 91.50.

Step-by-step explanation:

Let x be the original price.

Since discount is applied before tax.

New price = (Original price - Discount)-Tax rate (Original price - Discount)

, where Discount = Discount rate x Original price.

Substituting values, we get

[tex]62.28=(x-0.25x)-0.0925(x-0.25x)[/tex]

[tex]62.28=(0.75x)-0.0925(0.75x)[/tex]

[tex]62.28=0.75x-0.069375x[/tex]

[tex]62.28=0.680625x[/tex]

[tex]x=\frac{62.28}{0.680625}[/tex]

[tex]x=91.50[/tex]

Hence, the original price was  $ 91.50.