Question

The sales tax rate in Jackson is 8% of which the town keeps all the proceeds. The town is saving for a new traffic meter which costs $124. How much must the Jackson sell to earn enough money to purchase the new traffic meter?

Answer 1

Answer:money needed to tax (x) = $1550.00

Explanation

GIVEN :

• Tax = 8% = 8/100 = 0.08

,

• The total goal is savings of $124.

,

• how much money is needed to tax = $....?

Let x = money is needed to tax

Let 124 = Total money

This can be expressed as :

`\begin{gathered} 0.08\text{ * x = 124 } \\ then\text{ , x = }\frac{124}{0.08\text{ }} \\ \therefore\text{ x = \$1550} \end{gathered}`

Therefore, money needed to tax (x) = $1550.00