Question

Amy makes beaded necklaces and sells them at the crafts fair. She includes the 8% sales tax in the $11.34 she charges for a necklace. What is her price for the necklace excluding tax? Use the formula Price = Total cost/1+Rate.

Answer 1

`\text{Price}=\frac{\text{Total cost}}{1+\text{Rate}}=(\$11.34)/(1+.08)\\\\\text{Price}=\$10.50`

Amy's price for the necklace is $10.50.