Question

If the total price of a refrigerator is $705

, including a tax of 0.05
times the list price, what is the list price of the refrigerator (to the nearest cent)?

Answer 1

tax = increase

0.05 = 1+(0.05/100)= 1.0005

list price: 705/1,0005=704,647...=$704.6

Explanation: