4. If $988 is the total of a sale that includes sales tax of 4%, what is the selling price of the item only?
2 answers:
$950 is the selling price of the item only.
1.04x = 988
x = 988 / 1.04
x = 950 <== selling price not including tax
check...
950(1.04) = 988
988 = 988 (correct)
so the selling price is 950 plus the sales tax of (0.04 * 950) = 38 for a total of 988
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