Question

Amy makes beaded necklaces and sells them at the crafts fair. She includes the 8% sales tax in the $11.34 she charges for a necklace. What is her price for the necklace excluding tax? Use the formula Price = Total cost/1+Rate.

Answer 1

$\text{Price}=\dfrac{\text{Total cost}}{1+\text{Rate}}=\dfrac{\ 11.34}{1+.08}\\\\\text{Price}=\ 10.50$

Amy's price for the necklace is $10.50.