Question

If the price of an item before tax is $500.00 and the tax percentage is 10%, what is the selling price

Answer 1

Answer:

$550.00

Step-by-step explanation:

An item before tax costs $500.00

The tax percentage is 10%

So $500.00 * 10% = 50.00 dollars will be payed in taxes.

And the selling price will be $50.00 + $500.00 = $550.00