Question

A new television set was recently purchased for the common room in a Residence Hall for $451.50 including tax. If the tax rate is 5%​, find the price of the television set before taxes.

Answer 1

430

Explanation:

Let's call the price of the television set before taxes "x".

The total cost including tax is $451.50, which is equal to x plus 5% of x (the tax). In other words:

x + 0.05x = $451.50

Simplifying the left side by factoring out x, we get:

1.05x = $451.50

Dividing both sides by 1.05, we get:

x = $430

Therefore, the price of the television set before taxes was $430.