A new television set was recently purchased for the common room in a Residence Hall for $428.00 including tax. If the tax rate i

Question

2 years ago

15

s 7%, find the price of the television set before taxes.
(Type an integer or a decimal rounded to two decimal places.)

1 answer:

prohojiy [21] · Answer 1 · 2023-07-16T03:47:59+03:00

The price of the television set before taxes is $400

<h3>How to find the price of the television set before taxes.?</h3>

The given parameters are:

Price after tax = $428.00

Tax rate = 7%

The price of the television set before taxes is calculated as:

Price after tax = Price before tax * (1 + tax rate)

This gives

$428.00 = Price before tax * (1 + 7%)

Express the percentage as decimal

$428.00 = Price before tax * (1 + 0.07)

Evaluate the sum

$428.00 = Price before tax * (1.07)

Divide both sides by 1.07

Price before tax = $400

Hence, the price of the television set before taxes is $400