Final answer:
To find the price of the bike, use the formula: Amount of sales tax = Price of the bike × Tax rate. Set up the equation and solve for the price of the bike. The price of the bike is $150.
Step-by-step explanation:
To find the price of the bike, we need to first calculate the amount of sales tax. The tax rate is 9%, so we can convert it to a decimal by dividing it by 100 (9/100 = 0.09). Next, we can use the formula:
Amount of sales tax = Price of the bike × Tax rate
Let's say the price of the bike is x dollars. We can set up the equation as:
13.50 = x × 0.09
Solving for x, we divide both sides of the equation by 0.09:
x = 13.50 / 0.09 = 150
Therefore, the price of the bike is $150.