Question

Lenny bought a motorcycle. He paid 12.5% in tax. The tax added 1437.50 to the price of the motorcycle what was the price of the motorcycle not including the tax

Answer 1

Amount of motorcycle = $11,500

Explanation:

Given:

Tax rate = 12.5 % = 0.125

Amount of tax = $1,437.50

Find:

Amount of motorcycle

Computation:

Amount of motorcycle = [Amount of tax ] / Tax rate

Amount of motorcycle = [1,437.50] / 0.125

Amount of motorcycle = $11,500