Question

The sales tax on a mountain bike is $16.36. If the sales tax rate is 8%, find the sales price of the mountain bike.

Answer 1

We know that the sales tax on a mountain bike is $16.36, which means 16.36 represents 8% of the sales price. To find the sales price (100%), we can use the following proportion

`\begin{gathered} (16.36)/(x)=(8)/(100) \\ x=(100\cdot16.36)/(8) \\ x\approx204.50 \end{gathered}`

Hence, the sales price is $204.50.