213k views
5 votes
How much will you need to save to purchase a $100 item in a state with a 6.5% tax rate?

2 Answers

7 votes

Answer:

$106.50

Explanation:

Take 100 and multiply it by 6.5%. This will give us 6.5, the amount of tax to pay. Then add 100 to 6.5 giving you the total of $106.50.

User Dan Mindru
by
7.5k points
4 votes

Answer:

$93.89

Explanation:

Work backwards -> 1.065x=100

x=$93.89

User Haju
by
7.9k points

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