Question

A bakery has total receipts for the month of $24,150 including sales taxes. if the sales tax rate is 5%, what are the bakery's sales for the month?

a.$24,000
b.$23,000
c.$23,100
d.$22,943

Answer 1

the answer would be B) $23,000

Answer 2

Option B= $23000 is the answer.

Step-by-step explanation:

Let the bakery's sales for the month be represented by = x

As given, the bakery has total receipts for the month = $24150

Rate of sales tax = 5%

This implies that total monthly sales(x) + sales tax on 'x' = 24150

`x+(5x)/(100)=24150`

`x+0.05x=24150`

`1.05x=24150`

x=23000

Hence, the bakery's sale for the month is $23,000