The total price of an article is $7.02, including tax. If the tax rate is 8%, what is the retail price of the article?

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asked Aug 2, 2019 216k views

1 Answer

MaPo · Answer 1 · 2019-08-07T12:09:13+0000

(7.02-x)/x=8 percent or 0.008. multiply both sides by x and subtract tax*x. Subtract the total cost and divide both sides by -1.008. The original cost is ~$6.96

The total price of an article is $7.02, including tax. If the tax rate is 8%, what is the retail price of the article?

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