Question

The sales tax on the price of a futon is $37.68. If the tax is 8%, find the purchase price of the futon.

Answer 1

The answer is: $471

Explanation:

Set up two ratios and cross multiply:

8 / 100 = 37.68 / x

8x = 37.68 * 100

8x = 3768

x = 3768 / 8 = $471.00

Proof:

$471 * .08 = $37.68