Question

$6.12 sales tax was collected when a jacket was purchased. The sales tax was 7.7% of the price of the jacket. What was the price of the jacket? Round your answer to the nearest penny.

Answer 1

Given in the question:

a.) $6.12 sales tax was collected when a jacket was purchased.

b.) The sales tax was 7.7% of the price of the jacket.

To be able to get the price of the jacket, we will be using this formula:

`\text{ Total Price = }\frac{Sales\text{ Tax}}{\frac{\text{Tax percentage}}{100}}`
`\text{ Total Price = }\frac{\text{ \$6.12}}{\frac{\text{7}.7\text{\%}}{100}}\text{ = }\frac{\text{ \$6.12}}{0.077}`
`\text{Total Price = \$}79.4805194805\text{ }\approx\text{ \$79.48}`

Therefore, the price of the jacket is $79.48.