Question

A total sales amount of $400,000 that included a 6% sales tax yields actual sales of

Answer 1

$377,358.49

Explanation:

We are given the total sales amount of $400,000 which has an included 6% of sales tax.

Assuming the actual sales to be x, we will use the following formula:

x + x * sales tax = total amount

x + x * 6% = $400,000

x + x * 0.06 = $400,000

x * 1.06 = $400,000

x = $400,000 / 1.06

x = $377,358.49

Therefore, a total sales amount of $400,000 that included a 6% sales tax yields actual sales of $377,358.49.

Answer 2

$377,358.49

Explanation:

Let, the actual sales = $X

Given total sales amount including 6% of sales tax = $400,000

Therefore, (X+6% of X)= $400,000

⇒(X+X·6÷100)= $400,000

⇒(X+0.06X)= $400,000

⇒ 1.06X= $400,000

∴ X= $400,000÷ 1.06 = $ 377,358.49

Hence, the actual sales = $ 377,358.49