Question

A man buys a boat. He pays $1020 in tax. The tax rate for boat purchases in the state where he lives is 8.5%. How much did the boat cost?

Please help this is confusing and I haven't learned it yet

Answer 1

$1106.70

Explanation:

10% of 1020 = 102.0

1% of 1020 = 10.20

0.5% of 1020 = 5.1

1%*8=8%

10.20 * 8 = 81.6

81.6 + 5.1 = 86.7 (8% + 0.5% = 8.5%)

1020 + 86.7 = 1106.70