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Montano1993 [528]
4 years ago
6

A new television set was recently purchased for a common room in a residence hall for $408.00 including tax. If the tax rate is

2%, find the price of the television set before taxes
Mathematics
1 answer:
Nadusha1986 [10]4 years ago
7 0

Answer:

$400

Step-by-step explanation:

To solve this, we need to understand how one reaches the final price. The general formula for final price (with tax) is:

t(c) = p x (1+t)

t(c) is total cost

p is price

t is tax rate as a decimal

To find p, we need to create a new formula. Since we have the total cost ($408) and the tax rate (2% or .02), we can divide the total cost by 1 + the tax rate to solve for the price:

t(c) / (1+t) = p

408 / (1+.02) = $400

I hope this helps!

-TheBusinessMan

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Step-by-step explanation:

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You can check your answer by substituting the values in for x.

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