Question

Total sales of $200,000.00 included a 7 percent sales tax. What were actual sales?

Answer 1

$186,000.00

Explanation:

Okay, so 7% of 200,000 is 14,000

This is found by multiplying 200,000 by .07.

So if we subtract 14,000 from 200,000, we get 186,000. Thus, the amount of sales without tax was 186,000 dollars.

Answer 2

Actual sales will be $186915.89

Explanation:

Let total sales without sales tax is = $a

Sales tax on the given sales will be = $
`(a)((7)/(100))` = $0.07a

Now total sales = sales without tax + sales tax

= a + 0.07a

= $1.07a

Now, $1.07a = $200000 [ given in the question]

a =
`(200000)/(1.07)`

a = $186915.89

Therefore, actual sales will be $186915.89