NawaalP475506 NawaalP475506

31-10-2022
Mathematics

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Find the original price given the total amount and tax rate.Total price: $128,500Tax rate: 5.5%Enter the correct answer in the box.

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DradenO76906 DradenO76906

31-10-2022

Let p be the original price, T be the total amount and r the tax rate. From this, we have:

T = (r+1)*p

(0.055+1)p = 128500

1.055p = 128500

p = 128500/1.055 = $121,800.95

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