Question

Could use help understand the steps to complete a problem like this

Answer 1

We know that

• The sales tax is 8%.

,

• The sales tax on a 10-speed bicycle is $12.

If the sales tax on a 10-speed bicycle is $12, that means it represents 8% of the price.

Once we know the equivalence 8% = $12, we divide 12 by 8, and multiply by 100.

`100\cdot(12)/(8)=(1200)/(8)=150`

This means the 10-speed bicycle has a price of $150.

Therefore, the purchase price is $150.

On the other hand, the total price refers to the purchase price plus the sales tax.

`150+12=162`

Therefore, the total price is $162.