Question

A new television set was recently purchased for a common room in a residence hall for $473.80 including tax. If the tax rate is3%, find the price of the television set before taxes

Answer 1

the price of the television set before taxes = $460

Explanation:

A new television set was recently purchased for $473.80 including tax.

the tax rate is 3%

LEt x be the price of television set

price times (price times tax rate )= final price

`x + (x \cdot 3 percent)=473.80`

3% is 3/100= 0.03

`x + (x \cdot 0.03)=473.80`

`x + 0.03x=473.80`

`1.03x=473.80`

Divide both sides by 1.03

x= 460

the price of the television set before taxes = $460

Answer 2

$460

Explanation:

Equation to find total cost

1.03 * (item price) = total cost

1.03 * (item price) = $473.80

Divide both sides by 1.03 to isolate the item price

$473.80/1.03 = $460