Question

Total price: The sales tax is 4.25% and the sales tax is $17.55, what is the purchase price? (Round to the nearest cent)

The purchase price is ________

The total price is__________ (Round to the nearest cent)

Answer 1

So let the original price be x

• 4.25% of x=17.55
• 0.0425x=17.55
• x=17.55÷0.0425
• $412.94

Total price:-

• 412.94+17.55
• $430.49

Answer 2

Purchase price = $412.94 (nearest cent)

Total price = $430.49 (nearest cent)

Explanation:

Purchase price

If 4.25% = $17.55

⇒ 100% = (17.55 ÷ 4.25) × 100 = 412.9411765...

⇒ Purchase price = $412.94 (nearest cent)

Total price

total price = purchase price + sales tax

= $412.94 + $17.55

= $430.49