Question

You are charged 6% sales tax you purchase a new bite you pay $27 in sales tax what is the purchase price of the bike

Answer 1

Before taxes = $450

After taxes = $477

Step-by-step explanation:

To find the purchase price, we need to find the amount equivalent to 100%.

So, if 6% is equivalent to $27, 100% is equivalent to:

`100\text{ \% }*\frac{\text{ \$27}}{6\text{ \%}}=\text{ \$450}`

Therefore, the purchase price of the bike before taxes is $450 and the purchase price of the bike after taxes is $450 + $27 = $477