Question

The sales tax rate is 8.75% and the sales tax is $15.75, what is the purchase price? (Round to the nearest cent.)

Answer 1

x= purchase price


Multiply purchase price by sales tax % to equal the amount of sales tax.

(8.75% * x)= $15.75
convert % to decimal (8.75% ÷ 100)

0.0875x= 15.75
divide both sides by 0.0875

x= $180.00 purchase price


ANSWER: The purchase price is $180.00 (to nearest cent).

Hope this helps! :)