Question

In January of 2006,the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005. The hotel/motel sales tax in January of 2005 were $475,000. What were the hotel/motel sales tax in January of 2006?

Answer 1

Answer: $617,500

Explanation:

We are given that , In January of 2006,the hotel/motel sales tax in Lafayette were 130% of the hotel/motel sales tax in January of 2005.

i.e. Hotel/motel sales tax in January 2006 = 1.3 x (Hotel/motel sales tax in January of 2005) (1)

[130% = 1.3 (By dividing it by 100 for converting it from percent to decimal )]

The hotel/motel sales tax in January of 2005 were $475,000.

Put this value in (1) , we get

Hotel/motel sales tax in January 2006 = 1.3 x ($475,000)

Hotel/motel sales tax in January 2006 = $617,500

Therefore , the hotel/motel sales tax in January of 2006 = $617,500