Question

A new television set was recently purchased for the common room in a residence hall for $436.80 including tax the tax rate is 4% find the price of the television is that before taxes

Answer 1

The price of the television before taxes is $420

Explanation:

* Lets explain how to solve the problem

- The purchased price = cost price + taxes

- A new television set was recently purchased for the common room

in a residence hall for $436.80

- This price including tax

- The tax rate is 4%

- We need to find the price of the television before taxes

* Lets solve the problem

- Assume that the price of the television before tax is 100%

∵ The tax rate is 4%

∵ The price after tax = price before tax + tax

∵ The price before tax = 100%

∴ The price after tax = 100% + 4% = 104%

∵ 104% equivalent to $436.80

∴ 100 ⇒ ?

104 ⇒ 436.80

- By using cross multiplication

∴ ? =
`((436.80)(100))/(104)=420`

∴ The price of the television before taxes is $420