After tax price: $25,989.60
4% sales tax was charged
what was the pretax price of the car?
Afeter tax price of the car = Pretax price + Tax = Pretax price + 4% of pretax price
25,989.60 = PretaxPrice + PretaxPrice*4/100 = PretaxPrice + PretaxPrice*0.04 = PretaxPrice(1 + 0.04) =
25,989.60 = 1.04 * PretaxPrice
PretaxPrice = 25,989.60/(1.04) = 24,990.00
Answer:
Pretax Price = $24,990.00
